Suppose that the USD/ZAR spot rate is quoted as 13.50ZAR and the GBP/USD is $1.30. The...

Question

Question

Suppose that the USD/ZAR spot rate is quoted as 13.50ZAR and the GBP/USD is $1.30. The cross exchange rate between GBP/ZAR is?

business finance

Answer 1

Answer #1

GBP/ZAR = GBP/USD*USD/ZAR = 1.3*13.5=17.55

Answer 2

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