The Japanese Yen exchange rate is ¥115 = $1, while the British Pound exchange rate is £1 = $2.05.Given this information, calculate the cross-rate in terms of Yen per pound.

Question

Quizplus · Accepted Answer

To find the cross-rate of Yen per Pound, first convert both currencies to a common base, which is the US dollar in this case. The Yen to USD rate is ¥115 = $1, so ¥1 = $1/115. The Pound to USD rate is £1 = $2.05, so to find the value of £1 in Yen, we convert £1 to USD and then to Yen: £1 = $2.05 = $2.05 * (¥115/$1) = ¥235.75.

The Japanese Yen Exchange Rate Is ¥115 = $1, While