Question: Given these two exchange rates, $1 = 12.268 Mexican pesos and $1 = 0.7624, compute the cross rate between the Mexican peso and the euro.

Given these two exchange rates, $1 = 12.268 Mexican pesos and $1 = €0.7624, compute the cross rate between the Mexican peso and the euro. State this exchange rate in pesos and in euros.

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1 peso 1 peso 1 12268 peso 07624 1 00621 Also 1 1 00621 per peso 160913 pesos In t... View full answer

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