Question

Compute the Cross rates

Chinese Yuan ( CNY ) = .1586 USD

CNY= 12.331 ( JPY)

What is the Cross Rate between USD and JPY and JPY and USD

JPY/USD = -------------

USD/JPY= ---------------

Answer 1

The cross rate of JPY / USD is computed as shown below:

1 CNY = 0.1586 USD

1 CNY = 12.331 JPY

We shall plug the value of 1 CNY = 0.1586 USD in the second equation and shall get:

0.1586 USD = 12.331 JPY

JPY = ( 0.1586 / 12.331 ) USD

JPY = 0.0129 USD Approximately

The cross rate of USD / JPY is computed as shown below:

1 CNY = 0.1586 USD

1 CNY = 12.331 JPY

We shall plug the value of 1 CNY = 0.1586 USD in the second equation and shall get:

0.1586 USD = 12.331 JPY

USD = 12.331 JPY / 0.1586

USD = 77.7491 JPY Approximately

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