Bangkok Broken. The Thai baht (THB) was devalued by the Thai government from THB24.76 = USD1.00 to THB28.96 USD1.00 on July 2, 1997. What was the percentage devaluation of the baht? What was the percentage devaluation of the baht? The percentage devaluation of the baht is ☐ %. (Round to two decimal places.)

Dollar Peg for Hong Kong. The Hong Kong dollar has long been pegged to the U.S. dollar at HK$7.84/ $. When the Chinese yuan was revalued in July 2005 against the U.S. dollar from Yuan 8.24 /$ to Yuan 8.15/S, how did the value of the Hong Kong dollar change against the yuan? ..... The original HK$/Yuan cross rate was HK$ Yuan. (Round to four decimal places.)

am. 111.

KF1. Exquisite Jewelers has purchased 100 pounds of silver from Silver Mines Ltd. at US$8,000 per pound payable in one year. The current spot exchange rate is 1.6295 (C$/US$) and the one year forward rate, quoted by the company’s bank, is 1.6312. The Financial Controller at Fine Jewelers suggests that the spot rate in one year will be 1.6224. Interest rates in Canada are currently 3.9 percent for one year and 3.7 percent in the United States. Required: a) Outline, with calculations, three alternative actions available to Golden Jewelers to handle its foreign exchange exposure. b) Advise the company which alternative they should take, providing the reason for your recommendation