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