Table 4.2 Currency Cross Rates (2:00 p.m. ET,Per CSCanadian dollar (C$).U.S. dollar (US$)Euro (€)Japanese yen (x)British pound (£)Swiss franc (Swfr)Australian dollar (A$)0.755690.65537JanuaryPer US$1.3232911, 2019)Per YPer C0.0122381.525861.15307 0.0092490.0080210.86725.81.71270 108.11980 124,67273)0.591980.738941.052160.783370.977831.39232Per E1.689251.276541.10720-138.121550.90318 0.007240.009041.127440.012881.60535Per Sw frPer AS1,35328 0.950431.022670.718230.886970.62292110.61947 77.639750.801220.562730.702451.248091.77704 1.42359If the C$ strengthens by £0.0021 from the value in Table 4.2, what will be the new value of C$ per £1.00? (Do not round yourintermediate calculations. Round your answer to 4 decimal places.)New valueC$per £1.00

As per the table 1£ = 1.68925 C$ Now, C$ stregthens by £0.0021. We need to determine the new Value…

Table 4.2 Currency Cross Rates (2:00 p.m. ET, Per CS Canadian dollar (CS). U.S. dollar (US$) Euro (€) Japanese yen (x) British pound (E) Swiss franc (Swfr) Australian dollar (A$) January 11, 2019) Per X Per C Per US$ 1.32329 1.52586 0.012238 1.15307 0.009249 New value 0.75569 0.65537 0.86725 81.71270 0.59198 0.73894 1.05216 . 108.11980 124,67273 0.78337 Per AS 0.95043 0.71823 0.62292 138.12155 110.61947 77.63975 0.80122 0.56273 0.70245 1.42359 Per Sie fr 1.35328 1.02267 0.88697 Per E 1.68925 1.27654 1.10720 0.008021 0.90318 0.00724 0.00904 1.12744 0.97783 0.01288 1.39232 1.60535 1.24809 1.77704 If the CS strengthens by £0.0021 from the value in Table 4.2, what will be the new value of C$ per £1.00? (Do not round your intermediate calculations. Round your answer to 4 decimal places.) per £1.00

Table 4.2 Currency Cross Rates (2:00 p.m. ET, Per CS Canadian dollar (CS). U.S. dollar (US$) Euro (€) Japanese yen (x) British pound (E) Swiss franc (Swfr) Australian dollar (A$) January 11, 2019) Per X Per C Per US$ 1.32329 1.52586 0.012238 1.15307 0.009249 New value 0.75569 0.65537 0.86725 81.71270 0.59198 0.73894 1.05216 . 108.11980 124,67273 0.78337 Per AS 0.95043 0.71823 0.62292 138.12155 110.61947 77.63975 0.80122 0.56273 0.70245 1.42359 Per Sie fr 1.35328 1.02267 0.88697 Per E 1.68925 1.27654 1.10720 0.008021 0.90318 0.00724 0.00904 1.12744 0.97783 0.01288 1.39232 1.60535 1.24809 1.77704 If the CS strengthens by £0.0021 from the value in Table 4.2, what will be the new value of C$ per £1.00? (Do not round your intermediate calculations. Round your answer to 4 decimal places.) per £1.00

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter17: Multinational Financial Management

Section: Chapter Questions

Problem 5P: EXCHANGE RATES Table 17.1 lists foreign exchange rates for August 30, 2018. On that day, how many...

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EXCHANGE RATES Table 17.1 lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,000 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas?
DISCUSSION QUESTIONS Recreate Table 17.1 for the following currencies: Australian dollar, British pound, Canadian dollar, Chinese yuan, Euro, Japanese yen, and Swiss franc. Be sure to show both the direct quotations and indirect quotations. TABLE 17.1 Sample Exchange Rates: Friday, May 29, 2015 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2) Australian dollar 0.7644 1.3082 Brazilian real 0.3145 3.1793 British pound 1.5290 0.6540 Canadian dollar 0.8030 1.2454 Chinese yuan 0.1613 6.2004 Danish krone 0.1473 6.788 EMU euro 1.0993 0.9097 Hungarian forint 0.00355404 281.37 Israeli shekel 0.2586 3.8673 Japanese yen 0.00806 124.14 Mexican peso 0.0650 15.3776 South African rand 0.0823 12.1557 Swedish krona 0.1174 8.5195 Swiss franc 1.0636 0.9402 Venezuelan bolivar fuerte 0.1587289 6.3001 Nate: Column 2 equals 1.0 divided by column 1. However, rounding differences do occur. Source: Adapted from The Wall Street Journal (online.wsj.com). June 1, 2015.
Table 4.2 Currency Cross Rates (2:00 p.m. ET, Per CS Canadian dollar (C$) U.S. dollar (US$) Euro (€) Japanese yen (x) British pound (£) Swiss franc (Sufr) Australian dollar (AS) January 11, 2019) Per US$ Per C 1.52586 1.32329 New exchange rate New exchange rate 0.75569 0.65537 0.86725 81.71270 108.11980 124.67273 0.59198 0.73894 1.05216 Per Y 0.012238 1.15307 0.009249 0.008021 per cs Per Sw fr 1.35328 1.02267 0.71823 0.88697 0.62292 138.12155 110.61947 77.63975 0.801221 0.56273 0.70245 0.78337 0.90318 0.00724 0.97783 1.12744 0.00904 1.24809 1.39232 1.60535 0.01288 1.77704 1.42359 Jper c Per £ 1.68925 1.27654 1.10720 If the CS weakens by 1.6% relative to the € in Table 4.2, what will be the new values for € per C$100 and C$ per €1.00? (Do not round your intermediate calculations. Round your answers to 5 decimal places.) Per AS 0.95043
Pound Ca Megs MlensP Seved Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. %24 3.3466 .8088 13.2992 .9720 482.80 Polish Zloty 2988 1.2364 .0752 Euro Mexican Peso Swiss Franc Chilean Peso New Zealand Dollar Singapore Dollar 1.0288 .002071 8084 1.2370 .8008 1.2488 a. If you have $260, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 4.70 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 1,234,567.) d. Which is worth more, a New Zealand dollar or a Singapore dollar? e. Which is worth more, a Mexican peso or a Chilean peso? f-1. How many Swiss francs can you get for a…
Problem 1. A currency trader has compiled the following currency quotes: USD/EUR ($/Euro USD/GBP ($/Â£) JPY/USD (Â¥) Spot rate $1.2139 $1.7730 115.674 6-month forward rate $1.2067 $1.7894 114.867 Which of the following statements regarding currencies is CORRECT? A) The pound is strong relative to the dollar and the dollar is strong relative to the yen. B) The euro is strong relative to the dollar and the yen is weak relative to the dollar. C) The euro is weak relative to the dollar and the yen is strong relative to the dollar. D) The dollar is strong relative to the pound and the dollar is weak relative to the euro. Problem 2. Mary Beth Morgan and Shaban Shoshi are currency traders for Mercury Forex Inc. They have compiled the following information concerning currencies in Sweden (SEK), New Zealand (NZD), and United States (USD). SEK/USD USD/NZD Spot bid rate 7.8927 $0.6994 Spot ask rate 7.9021 $0.7000 3-month forward bid rate 7.8780 $0.7010 3-month forward ask rate…
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
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TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange Rate Table for Month 1 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.32 .16 .0088 1.13 British Pound .76 --- .12 .0067 .85 Chinese Yuan 6.37 8.46 --- .056 7.21 Japanese Yen 113.04 149.55 17.75 --- 127.55 Euro .89 1.17 .14 .0078 --- Exchange Rate Table for Month 2 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.40 .20 .0080 1.17 British Pound .70 --- .11 .0065 .89 Chinese Yuan 6.20 8.72 --- .062 7.59 Japanese Yen 116.24 146.89 16.32 --- 117.2 Euro .92 1.11 .15 .0078 --- An American family goes on vacation…
TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange Rate Table for Month 1 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.32 .16 .0088 1.13 British Pound .76 --- .12 .0067 .85 Chinese Yuan 6.37 8.46 --- .056 7.21 Japanese Yen 113.04 149.55 17.75 --- 127.55 Euro .89 1.17 .14 .0078 --- Exchange Rate Table for Month 2 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.40 .20 .0080 1.17 British Pound .70 --- .11 .0065 .89 Chinese Yuan 6.20 8.72 --- .062 7.59 Japanese Yen 116.24 146.89 16.32 --- 117.2 Euro .92 1.11 .15 .0078 --- A currency depreciates (or gets…
Using the currency cross rate table, convert C$300.00 to Japanese yen. Canadian dollar U.S. dollar Euro Japanese yen British pound Australian dollar Canadian U.S. Euro Japanese British Australian dollar dollar yen pound dollar 1.5792 0.0129 2.2735 1.1601 0.0078 1.6624 0.0083 1.4355 197.1834 1.4103 0.7091 0.6332 0.8620 77.5194 128.2051 120.4819 0.4399 0.6015 0.6966 1.1012 1.4945 1.7319 C$300.00 will purchase Japanese yen. (Round to the nearest yen as needed.) 0.0051 0.0126 2.4907 0.9081 0.6691 0.5774 79.4098 0.4015
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2981 3.3546 Euro 1.2243 .8168 Mexican Peso .0752 13.2985 Swiss Franc 1.0204 .9800 Chilean Peso .002071 482.80 New Zealand Dollar .8089 1.2363 Singapore Dollar .8012 1.2481 a. b. c. 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 intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) f-2. What do you call this rate?