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cross rate between the pound and the yen

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Suppose the pound trades for 13.0840 pesos and the guilder trades for 4.5070 pesos or 65.4090 yen. What is the cross rate between the pound and the yen, that is, how many pounds will the yen buy?

a. 0.3265 pounds/yen
b. 0.2000 pounds/yen
c. 0.0689 pounds/yen
d. 0.0053 pounds/yen
e. 0.0022 pounds/yen

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This solution discusses the cross rate between the Pound and the Yen.

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Jayant Kumar, MBA
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  • MBA, Indian Institute of Finance
  • Bsc, Madras University
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