For the next few questions, here are the currency rates quoted to you buy ABC Bank, the bank that you do all your FX business with. EUR/USD – 1.1805 – 08 USD/CAD – 1.2590 – 93 GBP/USD – 1.3745 – 48 USD/JPY – 108.95 – 98 What would be the quote you would receive from the bank if you were looking for a EUR/GBP cross rate? What would be the quote you would receive from the bank if you were looking for a CAD/JPY cross rate? You have received the above quotes from the bank. You need to buy CAD 500,000 and sell EUR 445,000. What will be the US$ amounts for each of these transactions?
For the next few questions, here are the currency rates quoted to you buy ABC Bank, the bank that you do all your FX business with. EUR/USD – 1.1805 – 08 USD/CAD – 1.2590 – 93 GBP/USD – 1.3745 – 48 USD/JPY – 108.95 – 98 What would be the quote you would receive from the bank if you were looking for a EUR/GBP cross rate? What would be the quote you would receive from the bank if you were looking for a CAD/JPY cross rate? You have received the above quotes from the bank. You need to buy CAD 500,000 and sell EUR 445,000. What will be the US$ amounts for each of these transactions?
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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For the next few questions, here are the currency rates quoted to you buy ABC Bank, the bank that you do all your FX business with.
EUR/USD – 1.1805 – 08
USD/CAD – 1.2590 – 93
GBP/USD – 1.3745 – 48
USD/JPY – 108.95 – 98
What would be the quote you would receive from the bank if you were looking for a EUR/GBP cross rate?
What would be the quote you would receive from the bank if you were looking for a CAD/JPY cross rate?
You have received the above quotes from the bank. You need to buy CAD 500,000 and sell EUR 445,000. What will be the US$ amounts for each of these transactions?
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