25. valy own an in Coll direct Bechange Rate the what is the curinda nancial man it wait until the The : next Cross Exchange Rate Arme Paland's cur the show is worth and the launce yen is What present time world stock market a are expected to improve. The US te be weak in periods when the others markets around the world are WER. A financial of Chapman Co recommends that it wait od stesk markets recover before it issues steel indicated Loans Explain bow gydated are used in international markets Dan Rates in the process used by banks Eurocredi market to determine the rate to an uns S. (20 points) At the Tokyo airport in Japan, there are two quotations between Japanese yen (JPY) and U.S. dollar (USD): JPY 112/USD and JPY 104/USD. 1) Tom has just arrived at the Tokyo airport. He wants to convert USD 200 into JPY. a) From Tom's viewpoint, which rate is relevant? JPY /USD b) Is it Ask or Bid quotation from Tom's view point? Bid c) Calculate the JPY amount Tom would get. USD 200 Jpy #7 - JPY 22,400 USD 2) Judy is about to leave Japan. She wants convert JPY 28,000 into USD. a) From Judy's viewpoint, which rate is relevant? JPY a lusD b) Is it Ask or Bid quotation from Judy's view point? Ask c) Calculate the USD amount Judy would get. JPY 28,000 Jpy toa/USD USD 269.2307692 20 points) The following exchange rates are quoted for Argentina peso (ARS), U.S. Dollar (USD), and anadian dollar (CAD). Citibank USD 1 = ARS 3 Dresdner Bank ARS 1 - CAD 0.50 Calculate the price of the CAD in terms of USD. - ARS 3/1 USD CAD Sol 4 25. valy own an in Coll direct Bechange Rate the what is the curinda nancial man it wait until the The : next Cross Exchange Rate Arme Paland's cur the show is worth and the launce yen is What present time world stock market a are expected to improve. The US te be weak in periods when the others markets around the world are WER. A financial of Chapman Co recommends that it wait od stesk markets recover before it issues steel indicated Loans Explain bow gydated are used in international markets Dan Rates in the process used by banks Eurocredi market to determine the rate to an uns S. (20 points) At the Tokyo airport in Japan, there are two quotations between Japanese yen (JPY) and U.S. dollar (USD): JPY 112/USD and JPY 104/USD. 1) Tom has just arrived at the Tokyo airport. He wants to convert USD 200 into JPY. a) From Tom's viewpoint, which rate is relevant? JPY /USD b) Is it Ask or Bid quotation from Tom's view point? Bid c) Calculate the JPY amount Tom would get. USD 200 Jpy #7 - JPY 22,400 USD 2) Judy is about to leave Japan. She wants convert JPY 28,000 into USD. a) From Judy's viewpoint, which rate is relevant? JPY a lusD b) Is it Ask or Bid quotation from Judy's view point? Ask c) Calculate the USD amount Judy would get. JPY 28,000 Jpy toa/USD USD 269.2307692 20 points) The following exchange rates are quoted for Argentina peso (ARS), U.S. Dollar (USD), and anadian dollar (CAD). Citibank USD 1 = ARS 3 Dresdner Bank ARS 1 - CAD 0.50 Calculate the price of the CAD in terms of USD. - ARS 3/1 USD CAD Sol 4
