Pound CaMegs MlensPSevedUse the information below to answer the following questions.U.S. $ EQUIVALENT CURRENCY PER U.S.%243.3466.808813.2992.9720482.80Polish Zloty29881.2364.0752EuroMexican PesoSwiss FrancChilean PesoNew ZealandDollarSingaporeDollar1.0288.00207180841.2370.80081.2488a. If you have $260, how many Polish zloty can you get? (Do not include the Polishzloty sign (Z). Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)b. How much is one euro worth in U.S. dollars? (Do not round intermediatecalculations 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 roundintermediate 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 euro? (Do not round intermediatecalculations and round your answer to 4 decimal places, e.g., 32.1616.)f-2.What do you call this rate?

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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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Canadian Denmark Euro S per Foreign Currency $.7800 $.2000 $.9900 Foreign Currency per $ 1.2821 5.0000 1.0101 a. How many Canadian dollars would you receive for $500? b. A Mercedes costs Euros 130,000. How many $ would you need? c. What is the cross rate of Canadian $ and Denmark?
Question 12 Given the following cross currency rates, identify an arbitrage trade and show the profit if you start with $1,000. (USD = U.S. dollar, SGD = Singapore dollar, CHF = Swiss franc) SGD:USD CHF:USD SGD:CHF 1,045.46 3.00 1.50 2.20
Problem 9-24 (Algo) (LO 9-2) On December 20, 2020, Momeier Company (a U.S.-based company) sold parts to a foreign customer at a price of 145,000 rials. Payment is received on January 10, 2021. Currency exchange rates are as follows: Date December 20, 2020 December 31, 2020 January 10, 2021 U.S. Dollar per Rial $ a. The rial receivable exchange b. The rial receivable exchange 1.24 1.21 1.17 a. How does the fluctuation in the U.S. dollar per rial exchange rate affect Momeier's 2020 income statement? b. How does the fluctuation in the U.S. dollar per rial exchange rate affect Momeier's 2021 income statement? in U.S. dollar value, resulting in a foreign of in 2020. in U.S. dollar value, resulting in a foreign of in 2021
Recording Import Transactions Pinnacle Foods imports a variety of items for resale to U.S. retail‑ ers. Following is a description of purchases and foreign‑currency‑denominated payments made in the last accounting period, plus the direct exchange rates for each date: Country Amount Currency Spot rate at purchase Spot rate at payment Australia . . . . . . . . . . . . . . . . . . 200,000 Australian dollar $0.7600 $0.7300 Thailand . . . . . . . . . . . . . . . . . . 800,000 Baht 0.0345 0.0365 Hong Kong . . . . . . . . . . . . . . . . 5,000,000 Hong Kong dollar 0.1319 0.1362 Jordan . . . . . . . . . . . . . . . . . . . 500,000 Dinar 1.4100 1.3900 Required Prepare the journal entries made by Pinnacle, a U.S. company, to record the above purchase and payment transaction.
Sav whether the stated currency has appreciated or depreciated. Ex rate at t=1 Ex rate at t=2 $1.09 Currency Swiss Franc $1.12 USD/Swiss USD/Swiss Franc Franc 125 yen/euro 130 yen/euro Euro 18 peso/CAD 21 peso/CAD Peso 7 RMB/USD 6.5 RMB/USD RMB
You observed the following quotes between Canadian dollars (CS), euros (€) and Swiss francs (CHF) on 3/1/XX: C$1-.90, CS.70/CHF On 3/2/xx, quotes for each currency were as follows: C$1.15-1, Cs.75/CHF You converted 600,000 Swiss francs into euros on 3/1. On 3/2 you converted your euros back to Swiss francs. How many francs would you have on 3/2? flound intermediate steps to four decimals. 715,555 56 665357.14 246,521.74 579,587.4
Exercise 2.12. At the close of business on 20 November 2020, the exchange rate for Australian dollars against the British pound is 1.7148 (GBP is the domestic currency). This means that you get A$1.7148 for £1. The Bank of England rate is 0.5% and the Reserve Bank of Australia rate is 2.5%. Find the 3-months forward price of a Australian dollar (in GBP).
Currencies clipartToday, the exchange rate between the US dollar and Bananaland's currency is $1.000=BBB4.693, and between the US dollar and Cherryland's currency is $1.000=CCC6.519. Calculate the implied cross-rate between Bananaland's and Cherryland's currencies, expressed as the amount of BBB per one unit of CCC. Do NOT use units in your answer, and only put the numeric answer. Round your answer to FOUR decimal places, for example, 1.2345
Based on the table below, which currencies appreciated between January and March? Name of Currency Exchange Rate JANUARY $1 = Exchange Rate MARCH $1 = Polish Zloty 4.5 4.08 Mozambique Meticals 62.5 66.00 Albanian Lek 109.08 111.60 Australian Dollar 1.85 1.67 a. Mozambique Metical b. Polish Zloty c. Albanian Lek d. Australian Dollar
Using the following quotations: USD / EGP 46.8680 / 46.9280 USD/JMD 151.1230 / 154.4150 (a) What is the cross rate between the Egyptian Pound and the Jamaican Dollar. Present the quotation in direct form as the dealer's buy and sell prices for the Egyptian Pound (4 decimal places). Show all workings. (b) What is the size of the spread of the cross rate as a percentage of the ask price?
Exchange Rate British pound (£) $1.8250 / pound Euro (€ ) $1.5110 / euro Australian dollar (AU$) $0.8220 / Australian dollar Given these rates, an Australian dollar can purchase (0.42729/0.3153/0.4504/0.4729) British pounds.
The following tables contain information on Swiss Franc/Singapore dollar exchange rate and their interest rates: Currency Spot 1 Month 3 Months 6 Months 12 Months CHF/SGD 6.6575/625 73/86 263/296 505/590 1194/1351 Currency 1 Month 3 Months 6 Months 12 Months SGD 5.6785-5.8125 5.5000-5.6250 5.5000-5.6250 5.6250-5.7500 CHF 7.1250-7.2500 7.1875-7.3125 7.1875-7.3125 7.2500-7.3750 Consider the 12-month premium/discount and the relevant interest rates. Is there way to make arbitrage profits? If yes, explain the strategy. Assume you have CHF 10m to work with.

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