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Cross rates.You travel to Japan and China on a business trip. You first stop in Japan, where the current exchange rate is 0.0089 ($1: 112.3596).
Cross rates.You travel to Japan and China on a business trip. You first stop in Japan, where the current exchange rate is
0.0089
($1:
112.3596).
You next will stop in China, where the current exchange rate is
0.1354
($1:
7.3855 yuan).
As you leave Japan, you have
1,300,000
and need to convert to yuan. What is the cross rate to convert yen to yuan? How many yuan do you get for your yen?
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Part 1
What is the cross rate to convert Japanese yen to Chinese yuan?
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