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Exchange Calculation

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Suppose a Danish krone is selling for $0.1845 and a Maltese lira is selling for $2.7211. What is the exchange rate (cross rate) of the Danish krone to the Maltese lira? That is, how many Danish krone are equal to a Maltese lira?

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1 Danish Krone = $.1845 or 1$ = 1/0.1845 Danish Kron ------(1)

Maltese ...

Solution provided by:
Gaurav Agarwal, MS
Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
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