In: Finance
The exchange rate for Peruvian Sol is 0.3 Euro per Sol. The exchange rate for Singaporean Dollar(SGD) is 1.5 dollar per Euro. What is the price of Sol in SGD?The exchange rate for Peruvian Sol is 0.3 Euro per Sol. The exchange rate for Singaporean Dollar(SGD) is 1.5 dollar per Euro. What is the price of Sol in SGD?
1 Sol = 0.3 Euro (Euro / Sol)
1 Euro = 1.5 SGD (SGD / Euro)
SGD / Sol = SGD / Euro * Euro / Sol
= 1.50 * 0.30
= 0.45 SGD
1 Sol = 0.45 SGD