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Reading 18: Currency Exchange Rates - LOS c ~ Q11-12

Q11. The Japanese yen is trading at 115.2200 ¥/$ and the Danish krone (DKK) is trading at 16.4989 ¥/DKK. The $/DKK exchange rate is:

A)   6.9835 $/DKK.

B)   0.5260 $/DKK.

C)   0.1432 $/DKK.

Q12. A Mexican dealer gives a quote of 8.00 bid / 8.10 ask (MXN/USD) and a London dealer quotes the U.S. dollar at 2.00 bid / 2.1 ask (GBP/USD). What is the MXN/GBP bid and ask from the perspective of a Mexican dealer?

A)   3.81 − 3.86.

B)   4.00 − 4.05.

C)   3.81 − 4.05.

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