Cross currency rate?

CA Final 679 views 1 replies

Can anyone explain me this question and which is the best way to calculate cross currency rates:

q.1) Given that:
1$= Rs.44.04/44.08
1 AUD = $18.05/18.08
1 AUD= GBP 0.4119/0.4127
1 FF = GBP 0.0996/0.0999
Find the direct quote of French Francs in India.

Thanks,

Skype: ashokthedon12

Email: ca.ashoksharma1 @ gmail.com

 

 

Replies (1)

It can be calculated in this way:

Rs/FF = Rs/$ * $/AUD * AUD/GBP * GBP/FF.

 

Firstly we should find the direct quote and indirect quote of all the given currencies rates and after that select the appropriate quote and solve this for for both buy and ask rate.

 

So you will get the direct quote for french francs in Rs.

Dont know whether its rite or wrong since am also a studnet like you.

 

Regards

Arun Krishnamoorthy

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details