Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 10, 2024

1 Complete cross rate 2 Sell 3 4 5 6 7 USD EUR PES NOK DKK GBP PES CAD AUD JPY United States Dollar Euro

1 Complete cross rate 2 Sell 3 4 5 6 7 USD EUR PES NOK DKK GBP PES CAD AUD JPY United States Dollar Euro Argentina Norwegian Denmark Great Britain Mexico Canada Australia Japan Buy 529 713 200 72 80 820 34 470 450 45 537 723 223 80 93 857 45 483 467 57 8 USD/EUR USD/PES USD/NOK USD/DKK USD/GBP USD/PES USD/CAD USD/AUD USD/JPY 9 10 11 12 13 14 15 16 17 18 The basic formula always works like this: A/B x B/C = C/B. The cross rate should equal the ratio of the two corresponding pairs, therefore, EUR/GBP = EUR/USD divided by GBP/US, just like GBP/CHF = GBP/USD X USD/CHF. CHF is Swiss Franc (Switzerland) 1 Complete cross rate 2 Sell 3 4 5 6 7 USD EUR PES NOK DKK GBP PES CAD AUD JPY United States Dollar Euro Argentina Norwegian Denmark Great Britain Mexico Canada Australia Japan Buy 529 713 200 72 80 820 34 470 450 45 537 723 223 80 93 857 45 483 467 57 8 USD/EUR USD/PES USD/NOK USD/DKK USD/GBP USD/PES USD/CAD USD/AUD USD/JPY 9 10 11 12 13 14 15 16 17 18 The basic formula always works like this: A/B x B/C = C/B. The cross rate should equal the ratio of the two corresponding pairs, therefore, EUR/GBP = EUR/USD divided by GBP/US, just like GBP/CHF = GBP/USD X USD/CHF. CHF is Swiss Franc (Switzerland)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internal Auditors Guide To Risk Assessment

Authors: Rick A. Wright Jr.

2nd Edition

1634540158, 9781634540155

More Books

Students also viewed these Accounting questions

Question

★★★★★

On January 1, 2010, the Boonville Corporation is delinquent on a $300,000 note to the Great National Bank on which $66,000 of interest has accrued. On January 2, 2010, Boonville enters into a debt...

Answered: 1 week ago

Question

★★★★★

What are the five types of nontraditional marketing used by not-for-profit organizations?

Answered: 1 week ago

Question

★★★★★

How many applicants are you interviewing?

Answered: 1 week ago

Question

★★★★★

At the start of a year, the JKG Foundation received a $10 million bequest consisting of a commercial warehouse building and $5 million of cash. The foundation immediately invested the $5 million cash...

Answered: 1 week ago

Question

★★★★★

( 1 0 % ) Given a NDPA, Q = { q 0 , q 1 , q 1 , q 2 } , = { a , b } , = { 0 , z } , and F = { q 2 } with ( q 0 , a , z ) = { ( q 0 , 0 z ) } , ( q 0 , a , 0 ) = { ( q 0 , 0 0 ) } , ( q 0 , ( b ) , 0...

Answered: 1 week ago

Question

★★★★★

SemestCode TicketNum Course Num SemstDesc ProfCode Course Title ProfName rs dp ew rk 2137 2137 2137 2137 2143 2143 2143 2143 10010 10020 10030 10040 10010 10020 10030 10040 ACCT220 ACCT230 ACCT350...

Answered: 1 week ago

Question

★★★★★

Sarah Johnson is the health information manager for the Columbus County Alcohol and Drug Treatment Center, a CARF-accredited, publicly funded treatment facility. As a member of the quality...

Answered: 1 week ago

Question

★★★★★

Learning Outcomes 1. Implement a class with many members 2. Implement properties, initializers, and class methods 3. Override methods inherited from object 4. Design methods to avoid using mutable...

Answered: 1 week ago

Question

★★★★★

Organizational Innovations... 167 Exercise 5 (Costs of Quality Analysis, Nonfinancial Quality Measures) Canada Industries manufactures two types of refrigerators, Victoria and Vancouver. Information...

Answered: 1 week ago

Question

★★★★★

Which of the following option is false? Select the most suitable answer. Select one: O a. The value of long forward increases as the price of the asset rises. O b. A 1-year forward contract is an...

Answered: 1 week ago

Question

★★★★★

A client reports having a drink of alcohol (sometimes two) every night before bed. The client's doctor has advised against alcohol use due to diabetes diagnosis. The client believes one drink does...

Answered: 1 week ago

Question

★★★★★

Interview a person over 45 whose career interests you. Ask the person to describe changes she or he has seen in her or his profession, such as the prominence of teams and changes in benefi t...

Answered: 1 week ago

Question

★★★★★

The fi lm Remember the Titans provides a dramatic account of a man who was assigned to coach a group of athletes in a recently integrated school. The players didnt work together well, largely because...

Answered: 1 week ago

Question

★★★★★

Interviews are a common form of communication in organizations. Among the types of interviews that are part of organizational life are hiring interviews, problem-solving interviews, reprimand...

Answered: 1 week ago

Previous Question Next Question