Cross rate: Xecor Pharma just received revenues of $2,372,300 in Australian dollars (A$). The only quotes management received are A$2.0651/£ and $1.8538/£. What is the U.S. dollar value of the company's revenues? Round to the nearest dollar.

Question

Quizplus · Accepted Answer

To find the U.S. dollar value, first convert A$ to £ using the rate A$2.0651/£, then convert £ to $ using the rate $1.8538/£. Calculation: (2,372,300 A$ / 2.0651) * 1.8538 = $2,642,742.

Cross Rate: Xecor Pharma Just Received Revenues of $2,372,300 in Australian