An analyst gathers the following exchange rate quotes:CAD/EUR 1.0718EUR/GBP 0.9463CAD/EUR is the amount of CAD per 1 EUR.EUR/GBP is the amount of EUR per 1 GBP.The GBP/CAD (amount of GBP per 1 CAD) cross-rate is closest to:A.0.8829.B.0.9860.C.1.0142.
Question
An analyst gathers the following exchange rate quotes:CAD/EUR 1.0718EUR/GBP 0.9463CAD/EUR is the amount of CAD per 1 EUR.EUR/GBP is the amount of EUR per 1 GBP.The GBP/CAD (amount of GBP per 1 CAD) cross-rate is closest to:A.0.8829.B.0.9860.C.1.0142.
Solution
Para encontrar la tasa de cambio cruzada GBP/CAD, primero necesitamos convertir las tasas de cambio dadas a una forma que nos permita calcularla.
- Tenemos CAD/EUR = 1.0718, lo que significa que 1 EUR = 1.0718 CAD.
- También tenemos EUR/GBP = 0.9463, lo que significa que 1 GBP = 0.9463 EUR.
Queremos encontrar GBP/CAD, que es la cantidad de GBP por 1 CAD.
Primero, invertimos la tasa CAD/EUR para obtener EUR/CAD:
Ahora tenemos:
Para encontrar GBP/CAD, multiplicamos EUR/CAD por EUR/GBP:
Por lo tanto, la tasa de cambio cruzada GBP/CAD más cercana es: A. 0.8829
Similar Questions
The table below shows a few different exchange rates for £1 (GBP). Danica has recently moved to Canada and only uses Canadian dollars (CAD) currency now. However she has found that she accidentally kept £20 in cash. She decides to exchange the money for Canadian dollars. How many CAD does she receive?1 GBP=USD1.29AUD1.88EUR1.16CAD1.68
Using the EUR/USD and USD/JPY rates provided, select the correct EUR/JPY cross rate: EUR/USD: 1.1274 USD/JPY: 112.65 a. 127.0016 b. 127.00 c. 0.0100 d. 99.92
Calculate the current exchange rate AUD/GBP, given these two quotes:AUD/USD 0.5640-50GBP/USD 1.5850-60Question 4Select one:a.AUD/GBP 0.3558-62b.AUD/GBP 0.3556-65c.AUD/GBP 0.8945-55d.AUD/GBP 0.8939-45
Calculate the current exchange rate GBP/JPY, given these two quotes:USD/JPY 114.20-30GBP/USD 1.6750-60Question 3Select one:a.GBP/JPY 190.71-88b.GBP/JPY 191.29-57c.GBP/JPY 191.40-45d.GBP/JPY 192.07-24
You have the following quotations:GBP/AUD 1.8033-38GBP/NZD 1.9605-09What is the cross rate NZD/AUDQuestion 3Select one:a.1.0869-73b.0.9197-9200c.1.0868-75d.1.0867-74e.1.0868-72f.0.2827-28g.0.2827-29h.0.9195-92
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.