Calculate the EUR/JPY spot rate using the following spot rates: EUR/USD: 1.1360 USD/JPY: 109.4818 (Round your answer to 2 decimal places)
Question
Solution 1
To calculate the EUR/JPY spot rate, you need to multiply the EUR/USD rate by the USD/JPY rate. Here's how you do it:
- Take the EUR/USD rate: 1.1360
- Multiply it by the USD/JPY rate: 109.4818
- The calculation is: 1.1360 * 109.4818 = 124.3312
So, the EUR/JPY spot rate is 124.33 (rounded to two Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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