You often travel to Australia and you need to exchange Australian dollars. Your bank provides the following quotes: Currency Bid Ask Australian Dollar (AUD) 0.65 USD/AUD 0.70 USD/AUD If you want to buy 1,000 AUD, how much is the USD cost? (Pick the closest answer) A.650 USD B.1538 USD C.700 USD D.1428 USD
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You often travel to Australia and you need to exchange Australian dollars. Your bank provides the following quotes:
|
Currency |
Bid |
Ask |
|
Australian Dollar (AUD) |
0.65 USD/AUD |
0.70 USD/AUD |
If you want to buy 1,000 AUD, how much is the USD cost? (Pick the closest answer)
A.650 USD
B.1538 USD
C.700 USD
D.1428 USD
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- You often travel to Japan and Australia and you need to exchange Japanese and Australian currencies. Your bank provides the following quotes: Currency Bid Ask Japanese Yen (JPY) 105 JPY/USD 110 JPY/USD Australian Dollar (AUD) 0.65 USD/AUD 0.70 USD/AUD If you want to convert 5,000 AUD into JPY, how much JPY will you receive from the bank? (Pick the closest answer) A. 341,250 JPY B. 3,095 JPY C. 385,000 JPY D. None is correct.Suppose a bank provides the following quotes: Bid 1.2567 CAD per U.S. Dollar and Ask 1.2682 CAD per U.S. Dollar Suppose you would like to buy Canadian Dollars and sell U.S. Dollars. Given the quotes above, what rate would you receive? Group of answer choices 0.0115 CAD per USD 2.5249 CAD per USD 1.2682 CAD per USD 1.2567 CAD per USDAssume you are an exporter and you want to sell USD that you have received as export remittance. The bank quotes a price of 65.10 / 65.12 for USDINR. At what price can you sell one unit of USD? And why?
- You often travel to Japan and Australia and you need to exchange Japanese and Australian currencies. Your bank provides the following quotes: Currency Bid Ask Japanese Yen (JPY) 105 JPY/USD 110 JPY/USD Australian Dollar (AUD) 0.65 USD/AUD 0.70 USD/AUD If you want to convert 5,000 AUD into JPY, how much JPY will you receive from the bank?You are travelling in Thailand and want to purchase a souvenir for ฿2000. The current exchange rate is 0.04221CAD per 1฿. Your credit card charges 1.5% on currency exchange. What will be the charge in CAD to your card?You often travel to Japan and Australia and you need to exchange Japanese and Australian currencies. Your bank provides the following quotes: Currency Japanese Yen (JPY) Australian Dollar (AUD) If you want to convert 5,000 AUD into JPY, how much JPY will you receive from the bank? (Pick the closest answer) A. 341,250 JPY B. 3,095 JPY C. 385,000 JPY D.None is correct. Bid 105 JPY/USD 0.65 USD/AUD Ask 110 JPY/USD 0.70 USD/AUD
- The following rates are available to you. (You may either buy or sell at these rates). Assume you have a $1,000,000 to trade. Quote for Japanese Yen US $ quote for British Pound Yen quote for British Pound Given this information, is triangular currency arbitrage possible? BOA Barclays Bank Daiwa Bank A. Yes, start by selling US dollars at Barclays Bank OB. Yes, start by selling British pounds at Daiwa Bank No, triangular currency arbitrage is not possible. O D. Yes, start by selling US dollars at BOA O C. US$ 0.009472/ US$ 1.3670/£ 142.45/£12. The table below shows the number of Australian dollars, Hong Kong dollars and the Thai Baht buying a unit of the Euro and a unit of the US dollar. Using the information and the concept of cross rates, calculatei. the number of the Thai Baht which will be needed to buy supplies from Australia costing AU$ 50,000. ii. The number of Euros needed to buy one US dollar AU Dollar Hong Kong $Thai BahtEuro 1.00 EUR1.678.2638.36US Dollar 1.00 US$1.587.8236.35Assume you are in India and borrowed 800,000 Rs from one of your friends who lives in Australia. Suppose the spot exchange rate at the time borrowing was Rs63/$ and you promised to repay the loan after six months with a forward currency rate of Rs68/$ without any interest. Required: a) What is the amount of money in dollars that your friend needs pay to an authorised currency exchanger in Australia with a 20$ administration fee to transfer the loan?
- Given we have 100,000 EUR in an EU bank account we consider the below options: "A" - to deposit the money today in a special savings account in the local bank at the current interest rate at r= 1% for one year. • "B" - to convert the amount into the USD if today's exchange rate is E, is €1/$1, transfer and deposit the money in a USA bank at the going interest rate there at r* = 5% for one year. Make an agreement today to convert and return a specified amount of US $ to € one year from today based on the forward exchange rate (F ) of €1.25/$1. The forward exchange contract can be signed today to eliminate any uncertainty. Which of the two is better?A bank in London, Ontario charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3379. a. How many Canadian dollars will you receive from the bank if you sell US$1,325? $0.00 X Round to the nearest cent b. How much commission will you pay the bank for this transaction? Round to the nearest centA bank in London, Ontario charges 1.75% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3973. a. How many Canadian dollars will you receive from the bank if you sell US$1,310? Round to the nearest cent b. How much commission will you pay the bank for this transaction?