After finishing your degree, you decide to go on a post-graduation celebration trip to the UK. You leave with 8,000€ in your pocket. You want to exchange all these € for the U.K. pounds (GBP). Have a look at the WSJ table attached here and identify the following quotes: Spot rate on the EUR: Spot rate on the U.K. pound (GBP): What is the GBP/EUR cross rate? How many U.K. pounds (GBP) will you get for your Euros?

After finishing your degree, you decide to go on a post-graduation celebration trip to the UK. You leave with 8,000€ in your pocket. You want to exchange all these € for the U.K. pounds (GBP). Have a look at the WSJ table attached here and identify the following quotes: Spot rate on the EUR: Spot rate on the U.K. pound (GBP): What is the GBP/EUR cross rate? How many U.K. pounds (GBP) will you get for your Euros?

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 1TCL: Recreate Table 17.1 for the following currencies: Australian dollar, British pound, Canadian dollar,...

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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…
ok -nces The following are the foreign currency positions of an H, expressed in the foreign currency: Assets Liabilities FX Bought FX Sold Sf 127,500 Sf 51,000 Sf 10, 200 Sf 15,300 £ 38,168 £ 16,794 £ 11,450 £. 15,267 ¥7,869,885 ¥3, 147,954 ¥1, 259, 181 ¥9, 233,998 Currency Swiss franc (Sf) British pound (£) Japanese yen (V) The exchange rate of dollars for Sf is 1.02, of dollars for British pound is 1.31, and of dollars for yen is 0.00953. The following are the foreign currency positions converted to dollars: Currency Swiss franc (Sf) British pound (£) Japanese yen (¥) Assets $125,000 $ 50,000 $ 75,000 Liabilities EX Bought. $50,000 $22,001 $30,000 $10,000 $15,000 $12,000 FX Sold $15,000 $20,000 $88,000 a. What is the FI's net exposure in Swiss francs stated in Swiss francs (Sf) and in dollars ($)? b. What is the FI's net exposure in British pounds stated in British pounds (£) and in dollars. ($)? c. What is the FI's net exposure in Japanese yen stated in Japanese yen (*) and in…
American Terms European Terms Bank Quotations Bid Ask Bid Ask British pounds $ 1.9714 $ 1.9719 £ 0.5071 £ 0.5072 Euros $ 1.4740 $ 1.4745 € 0.6782 € 0.6784 Using the table above, what is the ask price of euro in terms of pounds (Ask Cross rate of £/€)?
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.
Recreate Table 17.1 for the following currencies: Australian dollar, British pound, Canadian dollar, Chinese yuan, EMU euro, Japanese yen, and Swiss franc. Be sure to show both the direct quotations and indirect quotations.
Question 1 Refer to the data in the table below. CURRENCY EUR-USD USD-JPY GBP-USD AUD-USD USD-CAD USD-CHF EUR-JPY EUR-GBP USD-HKD EUR-CHF USD-KRW Source: Bloomberg.com a. b. C. VALUE 1.0661 134.3400 11964 0.6868 1.3469 0.9274 143.2200 0.8911 7.8480 0.9887 1,293.8000 If you want to buy 10,000 EUR, how much USD do you have to pay? If you have 200 GBP, how much EUR can you exchange? If you need 200,000 JPY, how much HKD do you have to pay?
Sav whether the stated currency has appreciated or depreciated. Ex rate at t=1 Ex rate at t=2 $1.09 Currency Swiss Franc $1.12 USD/Swiss USD/Swiss Franc Franc 125 yen/euro 130 yen/euro Euro 18 peso/CAD 21 peso/CAD Peso 7 RMB/USD 6.5 RMB/USD RMB
subject:international finance Most foreign currencies in the world are stated in terms of the number of units of foreign currency needed to buy one dollar Required a)Convert the following indirect quotes to direct quotes. I. Euro: €1.22/$ (indirect quote) II. Russia: Rub 30/$ (indirect quote) III. Canada: C$ 1.39/$ (indirect quote) IV. Denmark: DKr6.08/$ (indirect quote) b)Convert the following direct quotes to indirect quotes. I. Euro: $ 0.865/€ (direct quote) II. Russia: $ 0.050/ Rub (direct quote) III. Canada: $ 0.85/C$ (direct quote) IV. Denmark: $ 0.608/ DKr (direct quote) c)Define the spot transaction and outright forward transaction.
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?
Bank Quotations Bid Ask Bid AskBritish pounds $1.9712 $1.9717 £0.5072 £0.5073Euros $1.4738 $1.4742 €0.6783 €0.6785 Using the table above, what is the ask price of euro in terms of pounds? Multiple Choice €1.3371/£ €1.3378/£ £0.7475/€ £0.7479/€..
d. The following are the foreign currency positions of a Financial Institution, expressed in the foreign currency. Currency Assets Liabilities FX Bought FX Sold Swiss franc (SFr) SF1122,190 SF148,876 SF19,775 SFr14,663 British pound (£) £38,168 £16,794 £11,450 £15,267 Japanese yen (¥) ¥8,522,727 ¥3,406,091 ¥1,363,636 ¥10,000,000 What is the FI's net exposure in Swiss francs stated in SFr?
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2977 3.3586 Euro 1.2183 .8208 Mexican Peso .0752 13.2989 Swiss Franc 1.0163 .9840 Chilean Peso .002071 482.80 New Zealand Dollar .8086 1.2367 Singapore Dollar .8010 1.2485 a. If you have $200, 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 5.90 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer to…