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Find the cross rate JPY/CAD from the spot rates JPY108/USD and CAD1.04/USD. write your answer to 2 decimal places (for example 12.54) Answer: Other things
Find the cross rate JPY/CAD from the spot rates JPY108/USD and CAD1.04/USD. write your answer to 2 decimal places (for example 12.54) Answer: Other things equal, and assuming efficient markets, if a Honda Accord costs $22018 in the U.S. then at an exchange rate of $1.58/, the Honda Accord should cost in Great Britain
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