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Homework answers / question archive / The following information is available: S(NZD/USD)=1
The following information is available:
S(NZD/USD)=1.3500-1.3575 S(USD/SGD)=0.7500-0.7525
Find the cross exchange rate between the New Zealand dollar (NZD) and the Singapore dollar (SGD). Briefly outline the steps required to find the answer.