Solved: The spot rate of the japanese yen against the british pound, Finance Basics

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The spot rate of the japanese yen against the british pound

Question: Toyota Exports to the United Kingdom. Toyota manufactures most of the vehicles it sells in the United Kingdom in Japan. The base platform for the Toyota Tundra truck line is ¥1,650,000. The spot rate of the Japanese yen against the British pound has recently moved from ¥197/£ to ¥190/£. How does this change the price of the Tundra to Toyota's British subsidiary in British pounds?

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Finance Basics: The spot rate of the japanese yen against the british pound

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