Cross currency rate?

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Student
319 Points Joined July 2010

Can anyone explain me this question and which is the best way to calculate cross currency rates:

q.1) Given that:
1$= Rs.44.04/44.08
1 AUD = $18.05/18.08
1 AUD= GBP 0.4119/0.4127
1 FF = GBP 0.0996/0.0999
Find the direct quote of French Francs in India.

Thanks,

Skype: ashokthedon12

Email: ca.ashoksharma1 @ gmail.com

 

 

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On 11 December 2013 at 20:18 Report
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Accounts Supervising Head
27 Points Joined December 2008

It can be calculated in this way:

Rs/FF = Rs/$ * $/AUD * AUD/GBP * GBP/FF.

 

Firstly we should find the direct quote and indirect quote of all the given currencies rates and after that select the appropriate quote and solve this for for both buy and ask rate.

 

So you will get the direct quote for french francs in Rs.

Dont know whether its rite or wrong since am also a studnet like you.

 

Regards

Arun Krishnamoorthy

 

 

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On 13 December 2013 at 16:31


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