Attempts Average / 2 6. Cross exchange rate movements pound. Grade It Now Save & Continue Continue without saving

Attempts Average / 2 6. Cross exchange rate movements Suppose that one year ago the spot rate for the British pound was $1.40 per pound, w The cross rate of the British pound one year ago was El = pesos. Suppose that now the spot rate for the British pound is $1.60 per pound, while the sp -17.15% 18.58% 15.72% 14.29% rate for the peso was $1.00 per peso. peso was $1 per peso. percent change in the cross rate of the British Now, the cross rate of the British pound is El = pound. pesos. This represents a Grade It Now Save & Continue Continue without saving