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Question: (Spot exchange rates) If one euro is priced at bid 9.15 /ask 9.22 Swedish crowns, how many euros can you purchase for 50 Swedish crowns?

2. Spot exchange rate) Suppose the exchange rate between U.S. dollars and Japanese yen is $1 US = ¥79.1 JPY, and the exchange rate between the U.S. dollar and the British pound is $1 US = £0.64 GBP. What is the cross rate of Japanese yen to British pounds? (In other words, how many yen are needed to purchase 1 pound?)

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Basic Finance, Finance

Category:- Basic Finance
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