Golden Ounce. Under the gold standard, the price of an ounce of gold in US dollars was $20.69, while the price of that same ounce in British pounds was [3.8624 What would be the exchange rate between the dollar and the pound if the US dollar price had been $42.48 per ounce of gold? The impled VL exchange rate of the US dollar price is $20.69/oz of gold is S VE (Round to four decimal places) The implied Exchange rate the US dollar price had been 542.43/o2 of gold is $ . (Round to four decimal places.)