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An Australian electronics retailer is importing goods from Singapore. In order to ascertain the firm's exposure to foreign exchange risk it needs to calculate the

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An Australian electronics retailer is importing goods from Singapore. In order to ascertain the firm's exposure to foreign exchange risk it needs to calculate the AUD/SGD cross-rate. A FX dealer quotes the following rates: AUD/USD 0.7363-68 USD/SGD 1.3514-20 a) Explain from the perspective of the dealer, what the AUD/USD quote indicates. Answer: b) Transpose the quotation in part (a)

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