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Exercise 3: Fill in the cross rates table below. Derive the missing rates from the rates already provided. Country Egypt Indonesia Taiwan Vietnam U.S.
Exercise 3: Fill in the cross rates table below. Derive the missing rates from the rates already provided. Country Egypt Indonesia Taiwan Vietnam U.S. U.S. Dollar Vietnam VNDong Taiwan TDollar Indonesia Rupiah Egypt EPound 5.9754 248.845 0.002344 0.004019 16,041.0 426.621160 0.000062 0.167353 (Hint: The Egypt Epound/U.S. dollar rate is given as 5.9754. The inverse of this (1/5.9754) 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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