Given an exchange rate of 0.9250 USD/CAD and 1.6250 USD/SF what is exchange rate quoted in CAD/SF? A) 0.5692. B) 1.7568. C) 1.5032. -------------------------------------------------------------------------------- Click for Answer and Explanation (1.6250 USD/SF) / (0.9250 USD/CAD) = 1.7568 CAD/SF -------------------------------------------------------------------------------- * SHOULDNT THE ANSWER BE A??? schweser pisses me off – B is only the answer is the it was SF/CAD right?!
This is very simple . you want it in CAD/SF right. That means CAD/USD x USD/SF CAD/USD = 1/0.9250 = 1.081 USD/SF = 1.625 If you multiply both, you get 1.7568
thanks drk… i get it now… long day