Question

What is the cross-rate between the Canadian dollar and Japanese yen?

Answer 1

The cross-rate between the Canadian dollar and Japanese yen can be calculated by dividing the exchange rate between the Canadian dollar and U.S. dollar by the exchange rate between the Japanese yen and U.S. dollar. Using this method, the cross-rate can be determined for different time periods.

Step-by-step explanation:

The cross-rate between the Canadian dollar and Japanese yen can be calculated by taking the exchange rate between the Canadian dollar and U.S. dollar and dividing it by the exchange rate between the Japanese yen and U.S. dollar. Using the information provided, we can determine the cross-rate for different time periods.

1. On January 1, 2002: 133 yen/dollar / 1.17 Canadian/dollar = 113.68 yen/Canadian dollar
2. On January 1, 2005: 103 yen/dollar / 1.39 Canadian/dollar = 74.10 yen/Canadian dollar
3. On June 1, 2007: 122 yen/dollar / 1.20 Canadian/dollar = 101.67 yen/Canadian dollar
4. On January 1, 2012: 77 yen/dollar / 1.60 Canadian/dollar = 48.13 yen/Canadian dollar
5. On March 1, 2015: 120 yen/dollar / 1.36 Canadian/dollar = 88.24 yen/Canadian dollar

Answer 2

1 Canadian dollar is equal to 108.40 Japanese yen.