Exchange Rate Quotations

[analystdude]

Im aware that the answer to the following qbank is B, however, the notation used brings up a question.
Saying that the Danish krone is trading at JPY/DKK 16.4989 is that same as saying that the Yen is trading at JPY/DKK 16.4989…correct? In other words, we should disregard the wording and focus on the actual quote…right?
Could this also be read as 16.4989 JPY per DKK?
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The Japanese yen is trading at JPY/USD 115.2200 and the Danish krone (DKK) is trading at JPY/DKK 16.4989. The USD/DKK exchange rate is:
A)
6.9835.
B)
0.1432.
C)
0.5260.

 

[S2000magician]

Yes.
Although it would be odd to say it the latter way.
Oh, and B).

 

[analystdude]

Thank you - I think I finally understand the topic

 

[S2000magician]

My pleasure.
I wrote an article on currency exchange rates that may be of some use here: http://financialexamhelp123.com/currency-exchange-rates/