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Ali planned a trip from Riyadh, KSA to Beijing, China. He left Riyadh with 60,000 Saudi Riyals. Upon arrival, he wish to exchange all of
Ali planned a trip from Riyadh, KSA to Beijing, China. He left Riyadh with 60,000 Saudi Riyals. Upon arrival, he wish to exchange all of these Chinese yuan, he obtained the following quotes:
Spot rate on the dollar/Saudi riyal cross rate | $0.2667/ | |
Spot rate on the yuan/dollar cross rate | 7.1241/$ |
What is the Chinese yuan/riyal cross rate?
Question 18Answer
a.
26.7120 / SAR
b.
1.8999 / SAR
c.
0.0374 / SAR
d.
2.0762 / SAR
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