Answer:
The exchange rate can be stated as:
$1.485/€
or
€0.6734/$
Step-by-step explanation:
Data provided:
Amount in Dollars for Trade done by Seimens on the NYSE = $95.19
Amount in Euros for Trade done by Seimens on the Frankfurt = €64.10
Now,
under the law of one price
the exchange rate is calculated as:
Exchange rate =
on substituting the respective values, we get
Exchange rate =
or
Exchange rate = $1.485/€
also it can be stated as:
$1.485 = €1
or
$1 = €0.6734
Hence,
The exchange rate can be stated as:
$1.485/€
or
€0.6734/$