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Calculate the EUR/JPY spot rate using the following spot rates: EUR/USD: 1.1360 USD/JPY: 109.4818 (Round your answer to 2 decimal places)

Question

Calculate the EUR/JPY spot rate using the following spot rates:

EUR/USD: 1.1360

USD/JPY: 109.4818

(Round your answer to 2 decimal places)

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Solution 1

To calculate the EUR/JPY spot rate, you need to multiply the EUR/USD rate by the USD/JPY rate. Here's how you do it:

  1. Take the EUR/USD rate: 1.1360
  2. Multiply it by the USD/JPY rate: 109.4818
  3. The calculation is: 1.1360 * 109.4818 = 124.3312

So, the EUR/JPY spot rate is 124.33 (rounded to two decimal places).

Solution 2

To calculate the EUR/JPY spot rate, you need to multiply the EUR/USD rate by the USD/JPY rate. Here's how you do it:

  1. Take the EUR/USD rate: 1.1360
  2. Multiply it by the USD/JPY rate: 109.4818
  3. The result is the EUR/JPY rate.

So, 1.1360 * 109.4818 = 124.3312

Rounded to two decimal places, the EUR/JPY spot rate is 124.33.

Solution 3

To calculate the EUR/JPY spot rate, you need to multiply the EUR/USD rate by the USD/JPY rate. Here's how you do it:

  1. Take the EUR/USD rate: 1.1360
  2. Multiply it by the USD/JPY rate: 109.4818
  3. The result is the EUR/JPY rate.

So, 1.1360 (EUR/USD) * 109.4818 (USD/JPY) = 124.3312

Rounding to two decimal places, the EUR/JPY spot rate is 124.33.

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