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You can exchange $1 for either C$1.2479 or ¥132.69. What is the cross rate between the...

You can exchange $1 for either C$1.2479 or ¥132.69. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.

Please show your calculations. Thanks.

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Answer #1

1$ = C$1.2479

1$ = ¥132.69

This implies,

C$1.2479 =  ¥132.69

C$ 1 = ¥ (132.69/1.2479)

C$ 1 = ¥ 106.3306

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