Calculate the current exchange rate GBP/JPY,given these two quotes:
USD/JPY 114.20-30
GBP/USD 1.6750-60
A) GBP/JPY 190.71-88
B) GBP/JPY 191.29-57
C) GBP/JPY 191.40-45
D) GBP/JPY 192.07-24

Question

Quizplus · Accepted Answer

To calculate the GBP/JPY exchange rate, you multiply the GBP/USD rate by the USD/JPY rate. For the lower end of the range: 1.6750 * 114.20 = 191.29. For the upper end: 1.6760 * 114.30 = 191.57. Therefore, the correct exchange rate range is 191.29-191.57, which matches option B.

Calculate the Current Exchange Rate GBP/JPY,given These Two Quotes