Following spot rates are available in the London Market
Currency Buying rate Selling rate
French Francs
Swedish Kroner
Japanese Yen
10.24
13.50
170
10.30
13.75
175
Since these currencies are in short supply, you are required to operate only through sterling, which is
quoted at ` 75.25 - 75.35 in Mumbai. Compute the quantum of French Francs that you can buy for `
1,20,000.
What is the likely rate of yen against swedish kroner
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