A currency trader observes that in the spot exchange market, 1.00 U.S. dollar can be exchanged for 11.65 Mexican pesos or for 7.213 Danish krone. What is the cross-exchange rate between the peso and...



A currency trader observes that in the spot exchange market, 1.00 U.S. dollar can be exchanged for 11.65 Mexican pesos or for 7.213 Danish krone.  What is the cross-exchange rate between the peso and the krone; that is, how many pesos would you receive for every krone exchanged?



Jun 04, 2022
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