Question

3. The YTL/$ spot exchange rate is YTL1.72/$ and the SF/$ is SF1.25/$. The YTL/SF cross exchange rate is:

4. The $/YTL spot exchange rate is $0.5814/YTL and the $/SF is $0.80/SF. The YTL/SF cross exchange rate is:

5. The YTL/$ spot exchange rate is YTL1.72/$ and the $/SF is $0.80/SF. The YTL/SF cross exchange rate is:

6. The €/$ spot exchange rate is €0.6/$ and the Yen/$ is Yen89/$. What is the €/Yen cross exchange rate? What is the Yen/€ cross exchange rate?

Answer 1

3. YTL/$ = 1.72, SF/$ = 1.25

So $/SF = 1 / (SF/$) = 1/1.25

YTL/SF = (YTL/$) x ($/SF) = (1.72) x (1/1.25) = 1.72/1.25 = YTL1.37

4. $/YTL = 0.5814 , $/SF= 0.80

So, YTL/$ = 1/($/YTL) = 1/0.5814

YTL/SF = (YTL/$) x ($/SF) = (1/0.5814) x (0.80) = 0.80 / 0.5814 = YTL1.37

5.YTL/$ = 1.72 , $/SF = 0.80

YTL/SF = (YTL/$) x ($/SF) = 1.72 x 0.80 = YTL1.37

6.€/$ = 0.6 , Yen/$ = 89

So, $/Yen = 1 / (Yen/$) = 1 / 89

€/Yen = (€/$) x ($/Yen) = (0.6) x ( 1/89) = 0.6 / 89 = € 0.0067

Yen / € = 1 / ( €/Yen) = 1 /(0.0067) = Yen149.25