Calculate Euro-Pound Crossrate

How can you calculate the euro-pound crossrate based on the exchange rates provided?

1. € 1=\\$ 1.50
2. £ 1=\\$ 2.00
3. € 1.25=£ 1.00
4. £ 1.3333=€ 1.00
5. € 3.00=£ 1.00
6. € 1.3333=£ 1.00

Calculation and Explanation

The euro-pound crossrate can be calculated by dividing the exchange rate of the euro against the US dollar by the exchange rate of the pound against the US dollar.

The exchange rate of the euro against the US dollar is €1=$1.50, and the exchange rate of the pound against the US dollar is £1=$2.00.

To calculate the euro-pound crossrate, we divide the euro-dollar exchange rate by the pound-dollar exchange rate:
Crossrate = €1/$1.50 ÷ £1/$2.00 = (€1/$1.50) × ($2.00/£1) = €1/£0.75

Therefore, the euro-pound crossrate is €1.00 = £0.75.

The euro-pound crossrate represents the value of one euro in terms of pounds. By dividing the exchange rate of the euro against the US dollar by the exchange rate of the pound against the US dollar, we can determine the crossrate.

In this case, €3.00 is equivalent to £1.