If EUR/USD is 1.1226/31 and USD/JPY is 120.55/58, calculate the offer rate for EUR/JPY: Select one: a. 135.33 b. 135.42 c. 135.39 d. 135.36
Question
If EUR/USD is 1.1226/31 and USD/JPY is 120.55/58, calculate the offer rate for EUR/JPY:
Select one:
a. 135.33
b. 135.42
c. 135.39
d. 135.36
Solution
To calculate the offer rate for EUR/JPY, you need to multiply the offer rates of EUR/USD and USD/JPY.
The offer rate for EUR/USD is 1.1231 and for USD/JPY is 120.58.
So, EUR/JPY = EUR/USD * USD/JPY = 1.1231 * 120.58 = 135.42
So, the answer is:
b. 135.42
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