8. During the 1997 Asian financial crisis, the Thai baht was trading at $0.02475 per Thai baht. The Thai baht is trading at $0.03093 per Thai baht now. What is the percentage change in the Thai baht's value? Would you consider it an appreciation or depreciation?

Listen The future value of $100 deposited today (assuming positive interest rates and a time difference between the present and the future): 1) will always be less than $100. 2) will always be equal to $100. 3) will always be greater than $100. depending on the exact interest rate and on the precise amount of time difference between the present and the future, can be less than $100, greater than $100, or equal to $100. 5) None of the statements above are correct. 4)

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What are some benefits of holding FX reserves (recall the Asian financial crisis of 1997)? Are there any costs and problems associated with holding too many FX reserves?

Peder Mueller-UIA (B). Peder Mueller is a foreign exchange trader for a bank in New York. Using the values and assumptions here,, he decides to seek the full 4.802% return available in U.S. dollars by not covering his forward dollar receipts an uncovered interest arbitrage (UIA) transaction. Assess this decision. The uncovered interest arbitrage (UIA) profit amount is Data table (Round to the nearest cent.) (Click on the following icon in order to copy its contents into a spreadsheet.) Arbitrage funds available USD1,000,000 Spot exchange rate (CHF = USD1.00) 1.2813 3-month forward rate (CHF = USD1.00) 1.2745 Expected spot rate in 3 months (CHF = USD1.00) 1.2699 U.S. dollar 3-month interest rate 4.802% Swiss franc 3-month interest rate 3.198% X

In 2018, the yen went from $0.00887619 to $0.00906626. • By how much did the yen appreciate against the dollar? • By how much has the dollar depreciated against the yen?