21.1 Spot rate: Ryan wants to buy a pair of leather shoes at Harrods in London that is priced at 113.60. If the exchange rate that day is $1.8422/E, what is Ryan's cost in Australian dollars? 21.2 Spot rate: Crescent Ltd's recent sale to a company in Mexico produced revenues of 13 144 800 Mexican pesos (MPs). If Crescent sold the pesos to its bank and was credited with $1 795 579.69, what was the spot rate at which the pesos were converted? I 21.3 Spot rate: Given the following direct quotes, calculate the equivalent indirect quotes a $0.0844/Mexican peso b 0.6113/ c Rs 31.64/C$ 1.4 Spot rate: Convert the following indirect quotes to the appropriate direct quotes. a0.6917/S b Rs. 43.37/$ e SF 1.2133/S 21.5 Spot rate: Suppose a BMW 745i is priced at $57 750 in Sydney and 48 387 in Berlin. In which place is the car more expensive if the spot rate is $1.1935/? 21.6 Forward rate: Explain the relationship between each pair of currencies. Spot rate Forward rate a $1.8316/E $1.7874/6 b Y110.45/S Y108.33/S c C$ 1.3111/S C$ 1.2933/$ 21.7 Forward rate: Assume that the spot rate was $0.7413/C$ and the 90-day forward rate was $0.7507/CS, how much more (in Australian dollars) would you receive by selling C$1 000 000 at the forward rate than at the spot rate