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Q2. The following information is available: S(NZD/USD)=1.3500 - 1.3575 S(USD/SGD)=0.7500 - 0.7525 Find the cross exchange rate between the New Zealand dollar (NZD) and the

Q2.

The following information is available:

S(NZD/USD)=1.3500 - 1.3575

S(USD/SGD)=0.7500 - 0.7525

Find the cross exchange rate between the New Zealand dollar (NZD) and the Singapore dollar (SGD).

Briefly outline the steps required to find the answer.

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