Country U.S. $ equiv. Currency per U.S. $ Tuesday Monday Tuesday Monday Spot (Pound) 2.0000 1.9800 0.5000 0.5051 1 Month Forward 2.0100 1,9900 0.4975 0.5025 3 Months Forward 2.0200 2.0000 0.4950 0.5000 6 Months Forward 2.0300 2.0100 0.4926 0.4975 12 Months Forward 2.0400 2.0200 0.4902 0.4950 Spot (Euro) 1.5000 1.4800 0.6667 0.6757 1 Month Forward 1.5100 1.4900 0.6623 0.6711 3 Months Forward 1.5200 1.5000 0.6579 0.6667 6 Months Forward 1,5300 1.5100 0.6536 0.6623 12 Months Forward 1.5400 1.5200 0.6494 0.6579 Using the table shown, what is the spot cross-exchange rate between pounds and euro? a. £1.33 = €1.00 b. €1.00 = £0.75 c. £1.00 = €0.75 d. none of the options.
Added by Ramon B.
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From the table, we can see that the spot exchange rate between pounds and dollars is 0.5051. This means that 1 pound is equal to 0.5051 dollars. Show more…
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