efer to the exchange rates given in the table to answer the questions. Please round your answer to the nearest ten thousandths. January 20, 2016 January 20, 2015 Country (currency) FX per $ FX per £ FX per € FX per $ Australia (dollar) 1.459 2.067 1.414 1.223 Canada (dollar) 1.451 2.056 1.398 1.209 Denmark (krone) 6.844 9.694 7.434 6.430 Eurozone (euro) 0.917 1.299 1.000 0.865 Hong Kong (dollar) 7.827 11.086 8.962 7.752 India (rupee) 68.05 96.39 71.60 61.64 Japan (yen) 116.38 164.84 136.97 118.48

efer to the exchange rates given in the table to answer the questions. Please round your answer to the nearest ten thousandths. January 20, 2016 January 20, 2015 Country (currency) FX per $ FX per £ FX per € FX per $ Australia (dollar) 1.459 2.067 1.414 1.223 Canada (dollar) 1.451 2.056 1.398 1.209 Denmark (krone) 6.844 9.694 7.434 6.430 Eurozone (euro) 0.917 1.299 1.000 0.865 Hong Kong (dollar) 7.827 11.086 8.962 7.752 India (rupee) 68.05 96.39 71.60 61.64 Japan (yen) 116.38 164.84 136.97 118.48

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Q8: Calculate the cross rate between the Costa Rican colón (CRC) and the Canadian dollar (CAD) from the following spot rates: CRC 600.29 = USD 1.00 and 1.2205 CAD = USD 1.00. What is the cross rate expressed as the number of CRC per CAD. Give your answer to 2 dp (2 decimal places).
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As a foreign exchange trader at a Citibank, you are given the following quotations: 1-month 2-month Exchange Rate Spot Rate forward forward 1 Singapore Dollar (S$) 100 Japanese Yen (100¥) 1 Australian Dollar (AUD) RM3.0500/10 RM3.5000/30 RM3.1010/40 20/70 25/65 45/35 60/50 35/70 65/55 Country Malaysia Japan Singapore Rate 15% 3-Month interest rate 10% 20% Calculate: iii. If the bank's customer wishes to buy ¥200,000 in 2 months' time, how much he must pay in RM?
with calculation
Round your answers to one decimal place. As in 10.1 %. Actual Implied Rate Rate US 5.81 USD pound 1.3333 1.6184 $/GBP 6.3700 4.1997 CNY/$ 1.3145 $/EUR 13.4200 4.3012 TRY/$ Britain 3.59 China 24.40 Yuan Euro 4.42 € 1.1211 Turkey 24.99 TL British pound is % • against the US dollar. Chinese Yuan is % * against the US dollar. Euro is * against the US dollar. Turkish Lira is % * against the US dollar.
Using the quotes from Exhibit 5.7, calculate the three-month forward cross-exchange rate for EUR/GBP (X.XXXX)
Use the following information on the U.S. dollar value of the euro to answer the question. Forward Rate for Spot Rate April 30, 2024 Delivery $1.130 $1,140 October 20, 2023 November 1, 2023 December 31, 2023 April 30, 2024 Select one: 1.148 1.100 1.170 On October 30, 2023, a US company receives a purchase order from a customer in Spain. Under the sale terms, the customer will pay the company €100.000 on April 30; 2024 On October 30, the US company also enters a forward contract to sell €100,000 on April 30, 2024. The company delivers the merchandise to the customer on November 1, On April 30, the company receives €100,000 from the customer and sells it using the forward contract. The company's accounting year ends December 31. What net gain or loss is recognized in 2023, in addition to sales revenue? esc a $500 net loss b. 1800 net gain, c. $800 net loss d. $500 net gain 3.145 1165 1.170 * 8: MacBook Air & FL 40 # 6-41 16 W 19 F M m
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As a foreign exchange trader at a Citibank, you are given the following quotations: 2-month forward 1-month Exchange Rate Spot Rate forward 1 Singapore Dollar (S$) 100 Japanese Yen (100\) 1 Australian Dollar (AUD) RM3.0500/10 RM3.5000/30 RM3.1010/40 20/70 25/65 45/35 60/50 35/70 65/55 Country Malaysia Japan Singapore Rate 15% 3-Month interest rate 10% 20% Calculate: If you as a foreign exchange trader are expected to receive S$5,000 in 1 months' time, how much is it pay in RM? ii.
Pound Ca Megs MlensP Seved Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. %24 3.3466 .8088 13.2992 .9720 482.80 Polish Zloty 2988 1.2364 .0752 Euro Mexican Peso Swiss Franc Chilean Peso New Zealand Dollar Singapore Dollar 1.0288 .002071 8084 1.2370 .8008 1.2488 a. If you have $260, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 4.70 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567.) d. Which is worth more, a New Zealand dollar or a Singapore dollar? e. Which is worth more, a Mexican peso or a Chilean peso? f-1. How many Swiss francs can you get for a…
Peter Sheffield has Euros (€) amounting to €500,000 and is provided with the following quotes: Bank A: Euro/US dollar = €0.8418/$ Bank A: British pound /US dollar = £0.7538/S Bank B: British pound/Euro = £0.8863/€ Determine whether an arbitrage opportunity exists. Show your calculation in the space below and briefly explain (in one or two sentences) why the arbitrage opportunity exists or not. For example, show your calculation as follows (The currencies used in the example are not applicable to your calculation. It just provide you with information how you should show your calculation): Yen/ZAR = 11.7654/1.3954 = 8.4316 (Round your answer to 4 decimals) Reason why arbitrage opportunity exists/ does not exist:
Suppose that 1 British pound currently equals 1.62 U.S. dollars and 1 U.S. dollar equals 1.62 Swiss francs. What is the cross exchange rate between the pound and the frane? a. 1 British pound equals 0.3810 Swiss francs O b. 1 British pound equals 2.6244 Swiss francs 0 Oc1 British pound equals 3.2400 Swiss francs O d. 1 British pound equals 1.0000 Swiss francs O e. 1 British pound equals 1.8588 Swiss francs D

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