A problem for a friend III
If I can exchange
1
S
ingapore
D
ollar
for
2
5
T
hai
B
aht
, and I can also exchange
2
.
5
M
alaysian
R
inggit
for
1
S
ingapore
D
ollar
, how much
R
inggit
can I buy if I sell
1
0
0
B
aht
for
R
inggit
?
Image Credit: Wikimedia Money Exchange
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1 solution
DAMN !
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Did you answer 10? :"(
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Yes....and got stumped !!!
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@Hrishik Mukherjee – WHAT ARE YOU TALKING ABOUT ???? WHAT MONEY MATTERS ??? WWHAAAT ?????
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@Vaibhav Prasad – If you forgot to laugh, then what's the need of broadcasting your feelings publicly :P
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@Hrishik Mukherjee – YOU REALLY WANT TO FIGHT ???? OK
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YOU START
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@Vaibhav Prasad – Feeling Sleepy Man.. Not a topper like you who studies the whole night :p
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@Hrishik Mukherjee – THIS IS NOT CALLED FIGHTING............... I THOUGHT YOU WANTED TO FIGHT !!!!!!!!!
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@Vaibhav Prasad – You are thinking too much lately.. Stop studying 24x7 and go get some sleep.
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@Hrishik Mukherjee – HAVE YOU GONE CRAZY ???? WHO STUDIES 24/7
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@Vaibhav Prasad – You...42,000 point :O :O .. Super Topper
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@Hrishik Mukherjee – Stop it with the "topper" bullshit !!
same feeling here man
Not a clear question. Strictly if you say you can "exchange" in its widely accepted English sense. We can always exchange 100 THB with 4 SGD then exchange the 4 SGD with 10 MYR. That is why, money changers (not exchangers) and banks use buy and sell instead of exchange.
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Yup, thank you for pointing that out to me. I've replaced the last few instances of "exchange" with the appropriate vocabulary!
But market forces would bring the exchange rate of MYR - THB to 1 : 1 0 . If it was greater than that say 1 : 1 1 ,
(i) I could exchange x MYR for 1 1 x THB,
(ii) exchange 1 1 x THB for 2 5 1 1 x SGD
(iii) exchange 2 5 1 1 x SGD for 2 5 1 1 x ∗ 2 . 5 = 1 . 1 x MYR,
which is more than what I started with. This would cause a high demand for T H B , which in turn would bring back down the exchange rate to equilibrium (1:10). The case where the exchange rate is lower is also dealt the same way.
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Yes, but it isn't always exactly 1:10, which is the point I'm trying to make. Sure, it will definitely be close to 1:10, but not exactly.
I do not agree, it is called cross-rate determined by 2 different exchange rate and you can determine the rate of THB-MYR
The SGD-MYR exchange rate and the SGD-THB exchange rate do not determine the THB-MYR exchange rate.
Edit: As Chew-Seong Cheong pointed out, "exchange" is an unclear word. What I meant was "buy"/"sell". You can exchange THB for SGD then SGD for MYR, but the selling rate may differ.