Based on the information below what is the crossrate for Aus
Based on the information below, what is the cross-rate for Australian dollars in terms of Swiss francs?
Currency
U.S. $ Equivalent
Australia dollar
0.7002
Switzerland franc
0.8008
| Currency | U.S. $ Equivalent |
| Australia dollar | 0.7002 |
| Switzerland franc | 0.8008 |
Solution
Cross rate for Australian dollars in terms of Swiss francs = 0.7002/0.8008
Cross rate for Australian dollars in terms of Swiss francs = 0.8744
0.8744 Swiss Francs = 1 Australian Dollar
