International Economics
CROSS RATES
According to the WSJ, March 21, 2003 key currency cross exchange rates were:
( £1.00 = $1.5627; $1.00= 0.9501 Euros; $1.00 =10.7147 Mexican Pesos; $1.00 = ¥ 121.49)
With this in bold below, determine the following cross rates:
| $1 | 1£ | 1 Euro | 1 Peso | ¥1 | |
| U.S. | ----------- | $ 1.5627 | $ | $ | $ |
| U.K. | £ | ----------- | £ | £ | £ |
| Euro-Zone | Euro 0.9501 | Euro | ----------- | Euro | Euro |
| MEXICO | Peso 10.7147 | Peso | Peso | ----------- | Peso |
| JAPAN | ¥ 121.49 | ¥ | ¥ | ¥ | ----------- |
International Economics
CROSS RATES--Answers
According to the WSJ, March 21, 2003 key currency cross exchange rates were:
( £1.00 = $1.5627; $1.00= 0.9501 Euros; $1.00 =10.7147 Mexican Pesos; $1.00 = ¥ 121.49)
With this in bold below, determine the following cross rates:
| $1 | 1£ | 1 Euro | 1 Peso | ¥1 | |
| U.S. | ----------- | $ 1.5627 | $ 1.0525 | $ 0 .09333 | $ 0.00823 |
| U.K. | £ .63990 | ----------- | £ 0.6735 | £ 0.05972 | £ 0.00527 |
| Euro-Zone | Euro 0.9501 | Euro 1.4848 | ----------- | Euro .08867 | Euro 0.00782 |
| MEXICO | Peso 10.7147 | Peso 16.744 | Peso 11.2772 | ----------- | Peso 0.08819 |
| JAPAN | ¥ 121.49 | ¥ 189.8578 | ¥ 127.87 | ¥ 11.339 | ----------- |