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Supposethe spot exchange rate for the Canadian dollar is C$1.23




2.Supposethe spot exchange rate for the Canadian dollar is C$1.23 and the six-month forward rate is C$1.27.;a.What is worth more, a U.S. dollar or a Canadian dollar?;b.Is the U.S. dollar selling at a premium or a discount relative to the;Canadian dollar?;3.Suppose the Japanese yen exchange rate is ?106 = $1 and the British Pound;exchange rate is ?1 = $1.51.;a.What is the cross-rate in terms of yen per pound?;4. A trader observes that, in the spot exchange market, $1 can be exchanged for 9;Mexican pesos or for 111.23 Japanese yen. What is the cross-rate between the yen;and the peso, that is, how many yen would you receive for every peso exchanged?;5.You just returned from a trip to Venezuela and have 1,516 bolivares fuertes in;your pocket. How many dollars will you receive when you exchange this money;if the U.S. dollar equivalent of the bolivares fuertes is 0.465701?;6.If you have three thousand euros, how many dollars do you have given the;following exchange rates?;7.You can exchange $1 for either C$1.2381 or ?100.37. What is the cross rate;between the Canadian dollar and the Japanese yen?


Paper#21902 | Written in 18-Jul-2015

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