ices. A currency trader at UBS in New York City quotes to a customer the dollar-Swissie as CHF 1.1975-85 = US$1. What is the bid price for the U.S. dollar? What is the bid price for the Swiss franc? At what price is UBS willing to sell Swiss francs to its customer? What is the percentage sprea

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Q: PLEASE ANSWER CORRECTLY BY GIVING ME THE RIGHT ANSWER  DO NOT GIVE ME THE WRONG ANSWER  ANSWER FULLY

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Q: An Australian firm asks the bank for an AS/SFr quote because it received SFr and wants to change it…

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Q: se that a French firm would like to have its stock available through an American Depository Receipt…

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Q: Buying and selling For-Ex with bid-as quote

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Q: Your foreign exchange trader in the United States has quoted the following rates for the Swiss…

A: Here, Swiss Frans/USD Spot 1 Month 3 Month 6 Month $0.5965/72 50/61 127/143 242/267

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A: In the exchange rate market, the bid price refers to the price that the broker is willing to pay for…

Q: don't give hand written solution.

A: To know how much U.S. dollars Micky Python will receive from converting €550,000 and £500,000 under…

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Q: What is your profit from exploiting the opportunity once (in $)?

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Q: am. 117.

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A: Implied Direct Exchange Rates = =4.61/rate Indirect Exchange rate = rate/ 4.61

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Instruments of Foreign Exchange Market

Foreign exchange is a worldwide market in which one nation’s currency is converted into another nation’s currency. In further terms, exchanging of nations currency with foreign currencies. Foreign exchange happens at a specified rate which is termed the foreign exchange rate. The exchange rates are not constant continuously changing as they are derived by market forces of supply and demand. Widely used foreign currencies are the United States- dollar, Euro, Japanese Yen, British pound, and Australian dollar. US- dollar is the most denominated foreign currency. The Euro to US dollar is a widely used currency pair in the forex market as these two currencies represent the world’s enormous economy. Forex trade is simple as exchanging currencies at the bank. The main players of forex markets are the central banks, financial institutions, intermediaries, investments banks, and other banks. Central Bank is the supreme player who decides the currency value of their own nation on the forex market. Mostly foreign exchange-traded at FX market (forex market) when tourists’ visits a foreign country, import, and export happens between two countries.