Final answer:
The question involves calculating the cross-rate of exchange between the Japanese yen and the Canadian dollar. Without complete information, the exact exchange rate cannot be calculated, but it underlines the importance of understanding how fluctuations in exchange rates affect international trade and economies.
Step-by-step explanation:
The question pertains to exchange rates and, more specifically, the calculation of cross-rate exchange values between the Japanese yen and Canadian dollar. The 'implicit yen per Canadian dollar cross-rate quotation' represents the exchange rate at which you can trade Japanese yen (¥) for Canadian dollars (C$), and it is provided as ¥/C$=82.515-82.575. To find the 'implicit Canadian dollar per yen', you would need to take the reciprocal of this rate. However, the question does not provide enough information to calculate an exact exchange rate, as it seems to be missing the second part of the comparison for the cross-rate calculation.
Exchange rates are vital for international economics as they allow businesses and investors to convert one currency into another. The exchange rate between two currencies can be influenced by various factors, including economic conditions, political stability, and market speculation. For instance, based on the provided historical U.S. exchange rate data, from January 1, 2002, when the exchange rate was 133 yen/dollar, to the fluctuating exchange rates up to 120 yen per dollar in March 2015, and the subsequent drop by the end of December 2020, these movements highlight how exchange rates can significantly impact the economy and necessitate adjustments in international trade plans.