Given these two exchange rates, $1 = 12.268 Mexican pesos and $1 = 0.7624, compute the cross

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Given these two exchange rates, $1 = 12.268 Mexican pesos and $1 = €0.7624, compute the cross rate between the Mexican peso and the euro. State this exchange rate in pesos and in euros.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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