Question: Exercise 3 Fill in the cross rates table below. Derive the missing rates from the rates already provided. (Hint: The Egypt EPound/U.S. dollar rate is

Exercise 3 Fill in the cross rates table below. Derive the

Exercise 3 Fill in the cross rates table below. Derive the missing rates from the rates already provided. (Hint: The Egypt EPound/U.S. dollar rate is given as 5.9754. The inverse of this 1/5.9754 is the U.S. dollar/EPound exchange rate, which can be inserted in the table. In the same way, use the other exchange rates given to calculate the inverse rates. To complete the table, use currency pairs referenced to the same currency to calculate cross exchange rates according to Formula 1.)

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