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EXCHANGE RATE EXERCISE

 

Use the attached currency exchange table:

 

1. How many Euro are needed to purchase US $2,578,000.00?

 

2. In the previous exchange, which is the quoted currency, and which is the base currency?

 

3. Is this a direct or an indirect quote on the U.S. dollar in European terms?

 

4. Is this a direct or an indirect quote on the U.S. dollar in U.S. terms?

 

5. Using the attached table and that located on p. 256 of your text, calculate the percentage change in

 

the base currency.

 

6. Calculate the cross rate between the Colombian peso and the Norwegian krone, using the peso as the

 

base currency.

 

7. In the 3 months forward market, is the yen trading at a premium or a discount?

 

8. Choose a vehicle currency other than the Euro or the dollar, and calculate the cross rate between that

 

currency and the Hong Kong dollar.

 


 

 

Paper#9256490 | Written in 27-Jul-2016

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