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If USD/JPY is 116.01 and EUR/USD is 1.1597, calculate the (correctly rounded) EUR/JPY rate: Select one: a. 100.0345 b. 134.54 c. 134.5368 d. 100.03

Question

If USD/JPY is 116.01 and EUR/USD is 1.1597, calculate the (correctly rounded) EUR/JPY rate: Select one:

a. 100.0345

b. 134.54

c. 134.5368

d. 100.03

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Solution

To calculate the EUR/JPY rate, you need to multiply the USD/JPY rate by the EUR/USD rate.

Here's the step-by-step calculation:

  1. Multiply the USD/JPY rate (116.01) by the EUR/USD rate (1.1597).

    Calculation: 116.01 * 1.1597 = 134.536877

  2. Round the result to four decimal places, as is standard in forex trading.

    Rounded result: 134.5369

So, the closest answer is:

c. 134.5368

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