2. Simple Cross-Exchange Rate Quotation Show your work and solve for the cross-exchange rates using the PRODUCT method. Use the spot rates shown in Exhibit 5.4. The Product method is demonstrated on page 123 (equation 5.7) for euros to pounds. Formulas 5.8 and 5.9 are the general formulas.

A. Find the spot cross-exchange rate for the Australian dollar, AUD, to Swiss franc, CHF. S ( AUD / CHF ) = ___________________

B. Find the spot cross-exchange rate for the Japanese yen to Indian rupee, INR. S ( / INR ) = ________________________

Mon Currencies May 16, 2016 U.S.-dollar foreign-exchange rates in late New York trading Country/currency in US$ Per US$ Mon .02832 .00004500 35.420 22220 Country/currency in US$ Per US$ .0708 14.134 3.5014 .2856 .7755 .001440 .000330 1 23.889 6.5795 .8833 .8825 .8808 .8780 1.2895 694.28 3028.50 1 18.306 3.330 30.8450 9.9875 .0546 .3003 .03242 .100125 Americas Argentina peso Brazil real Canada dollar Chile peso Colombia peso Ecuador US dollar Mexico peso Peru new sol Uruguay peso Venezuela b. fuerte Asia-Pacific Australian dol 1-mos forward 3-mos forward 6-mos forward China yuan Hong Kong dollar India rupee Indonesia rupiah Japan yen 1-mos forward 3-mos forward 6-mos forward Malaysia ringgit New Zealand dollar Pakistan rupee Philippines peso Singapore dollar South Korea won Taiwan dollar Thailand baht Vietnam dong Europe Czech Rep. koruna Denmark krone Euro area euro 1-mos forward 3-mos forward 6-mos forward Hungary forint Norway Krone Poland zloty Russia ruble Sweden krona Switzerland franc 1-mos forward 3-mos forward 6-mos forward Turkey lira UK pound 1-mos forward 3-mos forward 6-mos forward .04186 .1520 1.1321 1.1331 1.1353 1.1389 .003593 .1224 .2570 .01527 .1211 1.0229 1.0242 1.0270 1.0318 3371 1.4402 1.4403 1.4407 1.4416 278.30 8.1732 3.8915 65.482 8.2610 .9776 .9764 .9737 .9692 2.9667 .6944 .6943 .6941 .6937 .7289 .7280 .7264 .7242 .1534 .1288 .01497 .0000751 .0091 72 .0091 79 .009198 .009230 .2483 .6759 .00956 .0215 .7302 .0008477 .03064 1.3720 1.3737 1.3767 1.3809 6.5205 7.7637 66.805 13310 109.03 108.94 108.72 108.34 4.0273 1.4795 104.60 46.450 1.3695 1179.66 32.642 2.6523 .1133 Middle East/Africa Bahrain dinar Egypt pound Israel shekel Jordan dinar Kuwait dinar Lebanon pound Saudi Arabia riyal South Africa rand UAE dirham .2617 1.4097 3.3141 .0006636 .2666 .0650 .2723 .3770 8.8298 3.8210 .7094 .3017 1507.00 3.7503 15.3900 3.6729