Solved: How to calculate foreign exchange rates, Finance Basics

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How to calculate foreign exchange rates

Question:

Describe how to calculate Foreign Exchange Rates. What makes relative exchange rates change? Where can rates be located? What is the difference between Direct quote and Indirect Quote? Show the calculations. Give both for Yen, Canadian Dollar, Mexican Peso, and Euro for 12/1/13 and 12/1/14. How many does $1,000 US equal. What does the difference tell you?

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Finance Basics: How to calculate foreign exchange rates

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Finance Basics: How to calculate foreign exchange rates

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