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Calculating Cross Exchange Rates Question 3 Fill in the cross rates table below. Derive the missing rates from the rates already provided. Egypt EPound Indonesia
Calculating Cross Exchange Rates Question 3 Fill in the cross rates table below. Derive the missing rates from the rates already provided. Egypt EPound Indonesia Rupiah Taiwan TDollar Vietnam VNDong U.S. Dollar Egypt 5.97540 Indonesia 248.845 Taiwan 0.002344 Vietnam 16,041.0 U.S. Hint: The Egypt EPound/U.S. dollar rate is given as 5.9754. The inverse of this175.9754 is the U.S. dollar/EPound exchange rate, which can be inserted in the table. In the same way, use the other exchange rates given to calculate the inverse rates. To complete the table, use currency pairs referenced to the same currency to calculate cross exchange rates according to Formula 1
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