The exchange rates for USD against CNY (Chinese Yuan) and OMR are as follows: USD 0.159089 = 1 CNY USD 2.59673 = 1 OMR Based on above mentioned exchange rates, determine the cross exchange rate for OMR/CNY and CNY/OMR.
The exchange rates for USD against CNY (Chinese Yuan) and OMR are as follows: USD 0.159089 = 1 CNY USD 2.59673 = 1 OMR Based on above mentioned exchange rates, determine the cross exchange rate for OMR/CNY and CNY/OMR.
Chapter3: International Financial Markets
Section: Chapter Questions
Problem 2IEE
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- The exchange rates for USD against CNY (Chinese Yuan) and OMR are as follows:
USD 0.159089 = 1 CNY
USD 2.59673 = 1 OMR
Based on above mentioned exchange rates, determine the cross exchange rate for OMR/CNY and CNY/OMR.
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