The current Exchange rate between Swedish kronas and pound. The exchange rate is the rate in which price of the country currency is measured in the term of the other country. There are two methods of calculating the exchange rate direct and indirect. Currency exchange rate of the two countries is called cross rate.

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Chapter 17, Problem 9P

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To explain: The current Exchange rate between Swedish kronas and pound.

The exchange rate is the rate in which price of the country currency is measured in the term of the other country. There are two methods of calculating the exchange rate direct and indirect.

Currency exchange rate of the two countries is called cross rate.

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