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    cross rate between the yen and the peso

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    A currency trader observes that in the spot exchange market, 1 U.S. dollar can be exchanged for 9 Mexican pesos or for 111.23 Japanese yen. What is the cross rate between the yen and the peso; that is, how many yen would you receive for every peso exchanged?

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    https://brainmass.com/economics/exchange-rates/cross-rate-between-the-yen-and-the-peso-313963

    Solution Summary

    The cross rate between the yen and the peso is found.

    $2.19