Try to judge the buying and selling price and calculate the exchange rate of pound 1 against Japanese yen. If an exporter holds GBP1000000, how many yen can he exchange?

This is very simple.

The exchange rate of GBP/JPY is obtained by multiplying the buying price and ASD price of GBP/USD by the buying price and selling price of USD/JPY, which is GBP/JPY =191.93194.29.

The exporter holds GBP 100 million and needs to buy Japanese yen, so the corresponding buying price is 194.29 yen, so it should be 654.38+94.29 million yen.

There is nothing wrong with the calculation in front of the upstairs answer, but the corresponding price is wrong when the pound buys the yen, which corresponds to the buying price of the pound and the selling price of the yen, so the final calculation is wrong.

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