If the exchange rates are quoted as ¥145/€ and HK$20/€, then what is the cross exchange...

Question

Question

If the exchange rates are quoted as ¥145/€ and HK$20/€, then what is the cross exchange rate of yen per HK$ (¥/HK$)?

Answer 1

Answer #1

The Yen and the hong kong currency is denoted in same currenct that is Euro.

So, Cross Exchange rate of Yen per HK = 145 / 20

= 7.25 (¥/HK$)

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Answer 2

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