Solution-Cross rate between the euro and the mexican peso

Cross rate between the euro and the mexican peso

Reference no: EM133113951

A company in the euro zone exports its machinery to a Mexican company with contract amount of €1,200,000. Assuming the exchange rates are quoted as:

$1.2180/€ and Ps18.6558/$,

(1) What is the cross rate between the euro and the Mexican peso?

(2) What is the equivalent peso amount due from the Mexican company to the euro zone company?

Reference no: EM133113951

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Cross rate between the euro and the mexican peso

Reference no: EM133113951

Reference no: EM133113951

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