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Calculate the myr-jpy cross rate

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Reference no: EM133076576

Given the below quotes for the Japanese Yen and the Malaysian Ringgit, calculate the MYR/JPY cross rate.

USD/JPY 110.38

USD/MYR 0.43.

  1. JJ Fashion Wholesalers Ltd, an Indian clothing manufacturer, has a contract to purchase cotton from an Australian supplier to the value of AUD $700,000. How much will this order cost in Indian rupees (INR) if the bank has quoted JJ Fashion an AUD/INR exchange rate of 54.07 - 54.98? 
  2. Would JJ Fashion Wholesalers Ltd prefer the AUD/INR exchange rate to be higher or lower? Why?

Reference no: EM133076576

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