If the dollar price of the yen is 1.39, the reciprocal exchange rate is 1 yen = $0.39.

Question

Quizplus · Accepted Answer

The reciprocal exchange rate would be 1 dollar = 2.56 yen (not $0.39). To calculate this, we take the reciprocal of 1.39, which is approximately 0.7194 and then convert the units to get 1 dollar = 0.7194 yen. Finally, we can take the reciprocal of this to get the exchange rate in the desired form: 1 yen = 1/0.7194 dollars, which is about $1.39.

If the Dollar Price of the Yen Is 1