Suppose a bark customer with CIO00,000 wahes to trade out of euro and into lapanese ven. The dolareuro exchange rate is quoted es $1.60- CL.00 and the dollar yen exchange rate is quoted at $1.00-W120, How many yen will the customer get?

Q: Suppose a German importer owes an Australian exporting company 150,000 AUD, due in three months.…

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Q: our firm is a U.S.-based supplier of agricultural parts. A European customer just made a €50,000…

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Q: 2. Suppose today's exchange rate is $1.23/€. The three-month interest rates on dollars and euros are…

A: Many Thanks for Question: Bartleby's Guideline: “Since you have posted a question with multiple…

Q: James Clark is a currency trader with Wachovia. He notices the following quotes: Spot exchange rate…

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Q: Suppose that the annual interest rate of the Euro (€) is 2% and the annual interest rate of the US…

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A:

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Q: 5. How many USD will you receive?

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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.