Question
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.5986 96 A$/$ =
A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar:
SFr/$ = 1.5986 96
A$/$ = 1.7277 87
An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote?
Note: Round your answers to 4 decimal places.
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
