Suppose the exchane rate between the US dollar and Swedish krona was 6.3 krona = $1, and

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Suppose the exchane rate between the US dollar and Swedish krona was 6.3 krona = $1, and the exchange rate between the dollar and the British pound was E1 = $1.64. What was the exchange rate between Swedish kronas and pounds?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Global Investments

ISBN: 978-0321527707

6th edition

Authors: Bruno Solnik, Dennis McLeavey

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