Determine the cross exchange rate

Assignment Help Basic Statistics

Reference no: EM131043933

Use the Yahoo! website to determine the cross exchange rate between the Japanese yen and the Australian dollar. That is, determine how many yen must be converted to an Australian dollar for Japanese importers that purchase Australian products today. How many Australian dollars are equal to a Japanese yen? What is the relationship between the exchange rate measured as number of yen per Australian dollar and the exchange rate measured as number of Australian dollars per yen?

Reference no: EM131043933

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