1. Suppose the exchange rate between U.S. dollars and Swiss francs is CHF 1.41 = USD 1.00, and the exchange rate between the U.S. dollar and the euro is USD 1.00 = EUR 1.64. Solve for:

CHF/EUR

UER/CHF

2. Suppose that 1 British pound currently equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross rate of Swiss francs to British pound?

3. A trader observes that, in the spot exchange market, $1 can be exchanged for 9 Mexican pesos or for 111.23 Japanese yen. What is the cross-rate between the yen and the peso, that is, how many yen would you receive for every peso exchanged?