Isaac Dez of Brazil. Isaac Dez Peris lives in Rio de Janeiro, Brazil. While attending school in Spain, he meets Juan Carlos Cordero from Guatemala. Over the summer holiday, Isaac decides to visit Juan Carlos in Guatemala City for a couple of weeks. Isaac's parents give him some spending money, 4,400 Brazilian real (BRL). Isaac wants to exchange his Brazilian real for Guatemalan quetzal (GTQ). He collects the following rates: Spot rate on the GTQ/EUR: Spot rate on the EUR/BRL: GTQ 9.6301 = EUR 1.00 EUR 0.459 = BRL 1.00 a. What is the Guatemalan quetzal/Brazilian real cross rate? The cross rate between the Guatemalan quetzal and the Brazilian real is (Round to four decimal places.)