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Suppose that one year ago the spot rate for the British pound was $0.96 per pound, while the spot rate for the peso was $0.50 per peso. The cross rate of the British pound one year ago was 1 - pesos Suppose that now the spot rate for the British pound is $2.00 per pound, while the spot rate for the peso was si per peso, pesos. This represents a Now, the cross rate of the British pound is 1 - pound. percent change in the cross rate of the British as $0.96 per pound, wh -22.50% rate for th- 20.00% pesos, 25.00% per pound, while the spo e peso was 27.50% esos. This represents a percent