1. Given below are a set of foreign exchange quotes for several currencies against the Australian dollar as of August 5, 2020.

Australian Dollar Exchange Rates

Currency	Sell/buy
US, dollar	0.7143/0.7143
UK, pound	0.5458/0.5459
China, yuan Renminbi	4.9872/4.9907
Hong Kong, dollar	5.5349/5.5364
India, rupee	53.572/53.669
Japan, yen	75.70/75.70
Malaysia, ringgit	3.0104/3.0139
Philippines, peso	34.953/35.135
South Africa, rand	12.2272/12. 2340
Switzerland, franc	0.6551/0.6551
Thailand, baht	22.1892/22.2317

(a) A friend of yours is totally confused by these rates. She is planning to visit Thailand next month and wishes to purchase 10,000,000 Baht. How many Australian dollars does she require, assuming she is able to use the above quotes?

(b) What are the direct quotes for the following currencies with respect to the Australian dollar?

(i) UK pound

(ii) Chinese Renminbi

(iii) Indian rupee

(iv) Malaysian ringgit

(v) South African rand

(c) Create a table showing the bid and ask quotes of each of the following currency pairs:

(i) GBP/CHF

(ii) PHP/THB

(iii) HKD/MYR

(iv) JPY/INR

(v) RMB/ZAR

(d) On August 5, 2020, you received 100,000 ZAR. Using the rates in the above chart how many AUD will you receive upon selling this?