What is the SFr-USD cross exchange rate

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Reference no: EM131047636

Assume that the USD/Euro exchange rate is currently 1.65 (ie. $1.65/EUR). Simultaneously, suppose the EUR/SFr exchange rate is 0.85 (ie. EUR 0.85/SFr). What is the SFr/USD cross exchange rate? State your answer as SFr/USD , ie. the amount of SFr required to purchase one USD. State your answer to four decimal points.

Reference no: EM131047636

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