15. Calculate the current exchange rate AUD/GBP, given these two quotes: AUD/USD 0.5640-50 GBP/USD 1.5850-60 A. AUD/GBP 0.3558-62 B. AUD/GBP 0.3556-65 C. AUD/GBP 0.8945-55 D. AUD/GBP 0.8939-45 Which option is correct please show step by step calculations.
15. Calculate the current exchange rate AUD/GBP, given these two quotes: AUD/USD 0.5640-50 GBP/USD 1.5850-60 A. AUD/GBP 0.3558-62 B. AUD/GBP 0.3556-65 C. AUD/GBP 0.8945-55 D. AUD/GBP 0.8939-45 Which option is correct please show step by step calculations.
Chapter5: Currency Derivatives
Section: Chapter Questions
Problem 28QA
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Question
15. Calculate the current exchange rate AUD/GBP, given these two quotes:
AUD/USD 0.5640-50
GBP/USD 1.5850-60
A. AUD/GBP 0.3558-62
B. AUD/GBP 0.3556-65
C. AUD/GBP 0.8945-55
D. AUD/GBP 0.8939-45
Which option is correct please show step by step calculations.
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