Question

On Wednesday, the exchange rate between the euro and the U.S. dollar was $\backslash (1.33$ per euro, and the exchange rate between the Canadian dollar and the U.S. dollar was U.S. $\backslash )0.90$ per Canadian dollar. What is the exchange rate between the Canadian dollar and the euro?

Short answer

This market price among countries C coin D and national E cash E is $\$0.677$per unit for region C cash D.

Step-by-step solution

Introduction

A comparable rate is an indicator used during stock market when barter one asset to other. National currencies are the most prevalent, but they can also be subnational, as in Hong Kong, or supranational, as with the euro.

Given Information

An trade surplus between it coinage E and the unit D of such United States is assessed by using E monetary system.

So each Canadian dollar can comprised from United nations C metal D banknotes D united states$\$0.90$ golden D.

Explanation

That accompanying is the interest rate among Great nation C's cash D or the currency E:

$1.33\mathrm{\$}(U.S.)=1€$

$0.90S(U.S.)=1\mathrm{\$}\left(C\right)$

$\mathrm{IS}\left(U_{.}{S}_{.}\right)=1/1.33€$

$0.90S(U.S.)=\frac{0.90}{1.33}€$

$1S\left(C\right)=0.677€$

This market price among countries C coin D and national E cash E is $\$0.677$per unit for category the character D stands for special development regions.