A New Zealand traveler returned from Singapore with SGD7,500 (Singapore dollars). A foreign exchange dealer provided the traveler with the following quotes:
Ratio
Spot Rates
USD/SGD
1.2600
NZD/USD
0.7670
USD: US dollar NZD: New Zealand dollar
The amount of New Zealand dollars (NZD) that the traveler would receive for his Singapore dollars is closest to:
A. NZD7,761.
B. NZD7,248.
C. NZD4,565.
Answer = B “Currency Exchange Rates,” William A. Barker, Paul D. McNelis, and Jerry Nickelsburg Section 3.2 The NZD/SGD cross-rate is NZD/USD × USD/SGD = 0.7670 × 1.2600 = 0.9664. The traveler will receive: NZD0.9664 per SGD; NZD0.9664 × SGD7,500 = NZD7,248.
我的疑惑是,我的计算方式是
7500 SGD转换成USD,则是7500/1.2600=5952.3810
USD转换成NZD ,则是 5952.3810/0.7670=7760.6010
如果按NZD/SGD=0.9664,那么也是7500/0.9664=7760.7616啊
答案错了?还是我理解错了?


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