Suppose the exchange rate between u.s. dollars and swiss francs is sf 1.41 = $1.00, and the exchange rate between the u.s. dolla

Question

ra1l [238]

3 years ago

7

Suppose the exchange rate between u.s. dollars and swiss francs is sf 1.41 = $1.00, and the exchange rate between the u.s. dolla

r and the euro is $1.00 = 0.64 euro. what is the cross rate of swiss francs to euros

Business

1 answer:

Alexxandr [17] · Answer 1 · 2022-04-27T05:06:19+03:00

We are asked to solve for the cross rate of swiss francs to euros and we are given with the following values:
swiss francs to dollar ----> 1.41 = $1.00
Euro to dollar ------> 0.64 = $1.00

Solving for swiss francs to euro is shown below:
swiss francs / euro = 1.41 / 0.64
swiss francs = 2.2 euro
1 swiss francs = 2.2 euro