US$ to buy 1 unit Japanese Yen .009 Australian $ .650 Calculate the indirect quotations for...
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Calculate the indirect quotations for the Japanese yen and the Australian $ |
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Homework Answers
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Direct quote for Japanese yen= 0.09 US$ / Japanese yen
Indirect Quote = 1/ Direct Quote
= 1/0.09 US$ / Japanese Yen
= 11.11 Japanese yen / US$
Indirect Quote for Japanese yen is 11.11 Japanese yen / US$
>>>>
Direct quote for Australian dollar= 0.650 US$ / Australian dollar
Indirect Quote = 1/ Direct Quote
= 1/0.650 US$ / Australian dollar
= 1.54 Australian dollar / US$
Indirect Quote for Australian dollar is 1.54 Australian dollar / US$
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US$ to buy 1 unit
Japanese Yen
.009
Australian $
.650
Calculate the indirect quotations for...
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