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