1. The beginning spot rate is C$0.1854 per South African rand and the ending spot rate is C$0.20394/Rand. a) Calculate the percentage change in the exchange rate for the rand. b) Calculate the percentage change in the exchange rate for the Canadian dollar. 2. The beginning spot rate is Euro0.1040 per Korean won and the ending spot rate is Euro0.0936 per won. a) What is the percentage change in the exchange rate for the won? b) What is the percentage change in the exchange rate for the Euro? 3. Suppose the following exchange rates are available: Australian Dollar (AUSS) per US dollar Canadian dollars per US dollar AUS$1.7974/US$ C$1.5128/US$ AUS$1.2344/CS Australian Dollar per Canadian dollar o Assume you are an Australian trader with AUS$1,000,000. What will you do? What is the amount of the profit or loss of the transaction? o When will the arbitrage stop? 4. If the spot rate of the New Zealand dollar is $.4257 and the six month forward rate of the NZ$ is $.4340, what is the forward premium or discount on an annual basis? 5. If the value of Canadian dollar is $.6653 and the value of Malaysian ringgit is $.26328, what is the value of the Malaysian ringgit in terms of Canadian dollars? 6. If the Japanese yen was worth $.0035 six months ago and is now worth $.0045 today, how much has the yen appreciated or depreciated? 7. 8. New Zealand Bid NZ$1.8653/ Offer NZ$1.8658/ Bid NZ$1.9643/ a.) What will you do if you have ? How much is the profit? b.) What will you do if you have NZ$? How much is the profit? New Zealand Bid NZ$1.8674/ Offer NZ$1.9688/ Bid NZ$1.9654/ a.) What will you do if you have ? How much is the profit? b.) What will you do if you have NZ$? How much is the profit? France France Offer NZ$1.8679/ Offer NZ$1.9672/