a. Japanese yen per US dollar?
b. US dollars per Japanese yen?
c. US dollars per euro?
d. Euros ver US dollar?
e. japanese ven per euro?
f. Euros per Japanese yen?
g. Canadian dollars per US dollar?
h. US dollars per Canadian dollar?
i. Australian dollars per US dollar?
j. US dollars per Australian dolar?
k. British pounds per US dollar?
l. US dollars per British pound?
m. US dollars per Swiss franc?
n. Swiss francs per US dollar?
1. a. Use the following cross rate table from Bloomberg to answer the following questions. If you are not familiar with all of the 3-letter currency codes, refer to the table inside the back cover of this text. HKD AUD 5.7597 CADI 6.2881 1.0917 Currency HKD AUD CAD CHF GBP JPY EUR USD USD 7.7734 1.3496 1.2362 1.3038 0.5689 112.195 0.8391 EUR 9.2639 1.6084 1.4732 1.5539 0.678 133.7084 CHF 5.9618 1.0351 0.9481 JPY 0.0693 0.012 0.011 0.0116 0.0051 GBP 13.6644 2.3724 2.1731 2.292 0.4363 86.049 0.6436 0.767 0.916 0.9661 0.4215 83.1309 0.6217 0.741 1.0547 0.4602 90.758 0.6788 0.8089 0.1736 0.159 0.1677 0.0732 14.4333 0.1079 0.1286 197.222 1.475 1.7578 0.00751 0.00891 1.1918 Quote Calculated a. Japanese yen per US dollar? 1. US dollars per Japanese yen? c. US dollars per euro? 4. Euros per US dollar? e. Japanese yen per euro? 1. Euros per Japanese yen? 8. Canadian dollars per US dollar? 1. US dollars per Canadian dollar? 1. Australian dollars per US dollar? i. US dollars per Australian dollar? k. British pounds per US dollar? 1. US dollars per British pound? m. US dollars per Swiss franc? n. Swiss francs per US dollar? b. Use the following spot and forward bid-ask rates for the U.S. dollar/euro (USS/) exchange rate from July 5, 2005. to answer the following questions a) Calculate the mid-rates from the bid-ask rate quotes. b) Calculate the forward premium on the different maturities using the mid-rates from part a). Since the exchange rate quotes are direct quotes on the dollar (USS/6), the proper forward premium calculation is Forward premium (Forward - Spot)/(Spot) x (360 / days) a) Calculated Mid-Rate b) Forward Premium Period Days Forward Bid Rate spot 1 month 30 Ask Rate 1.19140 1.19560 1.19294 1.19450 60 2 months 3 months 6 months 12 months 24 months 1.19040 1.19294 1.19450 1.20006 1.21153 1.21153 1.23358 90 180 360 720 1.20006 1.21153 1.23358 The forward rates progressively require more and more US dollars per euro than the current spot rate. Therefore, the euro is selling forward at a premium an the dollar is selling forward at a discount c. On your post-graduation celebratory trip, you are leaving Copenhagen, Denmark for St. Petersburg, Russia. Denmark's currency is the krone (Denmark, although an EU member, is not a participant in the euro itself, but rather maintains a managed rate against the euro.) You leave Copenhagen with 10,000 Danish kroner still in your wallet Wanting to exchange all of these for Russian rubles, you obtain the following quotes Assumptions Beginning your trip with Danish kroner Spot rate (Dk/S) Spot rate (Rubles ) Values 10,000.00 X.SIS 29,070 a) Calculate the cross rate Crow rate (kr/Ruble) b) What would be the proceeds in Rubles! Converting your Danish Krone into Rules Use the following spot and Forward quotations on the US dollar Australian dollar {USS/AS) from July 5. 2009, the following questions Calculate the mid-rates from the Mid-ask rate quotes b) Calculate the forward premium on the different maturities using the mid-rates from parta) Since the exchange rate qoutes are direct quotes on the dollar (USS/AS), the propor forward pocmium akulation is Forward premium" (Forward - Spety (Spex (360 / days a) Calculated Mid- Rate b) Forward Premium Days Forward Ask Rate Period per 1 month 2 months months 6 months 12 months 24 months *** BM Rate 0.74140 0.73983 0.73871 0.73752 0.73412 0.72870 0.71900 0.14190 0.74085 0.73924 0.73805 0.73524 0.73058 0.71999 360 720 The forward rates progressively require fewer and fewer US dollars per Australian Gollat. The dollar is therefore selling forward at a premium and simultaneously, the Australian dollar would he said to be selling forward a discount 1. a. Use the following cross rate table from Bloomberg to answer the following questions. If you are not familiar with all of the 3-letter currency codes, refer to the table inside the back cover of this text. HKD AUD 5.7597 CAD 6.2881 1.0917 Currency HKD AUD CAD CHF GBP JPY EUR USD USD 7.7734 1.3496 1.2362 1.3038 0.5689 112.195 0.8391 EUR 9.2639 1.6084 1.4732 1.5539 0.678 133.7084 CHF 5.9618 1.0351 0.9481 JPY 0.0693 0.012 0.011 0.0116 0.0051 GBP 13.6644 2.3724 2.1731 2.292 0.4363 86.049 0.6436 0.767 0.916 0.9661 0.4215 83.1309 0.6217 0.741 1.0547 0.4602 90.758 0.6788 0.8089 0.1736 0.159 0.1677 0.0732 14.4333 0.1079 0.1286 197.222 1.475 1.7578 0.0075 0.00891 1.1918 1. a. Use the following cross rate table from Bloomberg to answer the following questions. If you are not familiar with all of the 3-letter currency codes, refer to the table inside the back cover of this text. HKD AUD 5.7597 CADI 6.2881 1.0917 Currency HKD AUD CAD CHF GBP JPY EUR USD USD 7.7734 1.3496 1.2362 1.3038 0.5689 112.195 0.8391 EUR 9.2639 1.6084 1.4732 1.5539 0.678 133.7084 CHF 5.9618 1.0351 0.9481 JPY 0.0693 0.012 0.011 0.0116 0.0051 GBP 13.6644 2.3724 2.1731 2.292 0.4363 86.049 0.6436 0.767 0.916 0.9661 0.4215 83.1309 0.6217 0.741 1.0547 0.4602 90.758 0.6788 0.8089 0.1736 0.159 0.1677 0.0732 14.4333 0.1079 0.1286 197.222 1.475 1.7578 0.00751 0.00891 1.1918 Quote Calculated a. Japanese yen per US dollar? 1. US dollars per Japanese yen? c. US dollars per euro? 4. Euros per US dollar? e. Japanese yen per euro? 1. Euros per Japanese yen? 8. Canadian dollars per US dollar? 1. US dollars per Canadian dollar? 1. Australian dollars per US dollar? i. US dollars per Australian dollar? k. British pounds per US dollar? 1. US dollars per British pound? m. US dollars per Swiss franc? n. Swiss francs per US dollar? b. Use the following spot and forward bid-ask rates for the U.S. dollar/euro (USS/) exchange rate from July 5, 2005. to answer the following questions a) Calculate the mid-rates from the bid-ask rate quotes. b) Calculate the forward premium on the different maturities using the mid-rates from part a). Since the exchange rate quotes are direct quotes on the dollar (USS/6), the proper forward premium calculation is Forward premium (Forward - Spot)/(Spot) x (360 / days) a) Calculated Mid-Rate b) Forward Premium Period Days Forward Bid Rate spot 1 month 30 Ask Rate 1.19140 1.19560 1.19294 1.19450 60 2 months 3 months 6 months 12 months 24 months 1.19040 1.19294 1.19450 1.20006 1.21153 1.21153 1.23358 90 180 360 720 1.20006 1.21153 1.23358 The forward rates progressively require more and more US dollars per euro than the current spot rate. Therefore, the euro is selling forward at a premium an the dollar is selling forward at a discount c. On your post-graduation celebratory trip, you are leaving Copenhagen, Denmark for St. Petersburg, Russia. Denmark's currency is the krone (Denmark, although an EU member, is not a participant in the euro itself, but rather maintains a managed rate against the euro.) You leave Copenhagen with 10,000 Danish kroner still in your wallet Wanting to exchange all of these for Russian rubles, you obtain the following quotes Assumptions Beginning your trip with Danish kroner Spot rate (Dk/S) Spot rate (Rubles ) Values 10,000.00 X.SIS 29,070 a) Calculate the cross rate Crow rate (kr/Ruble) b) What would be the proceeds in Rubles! Converting your Danish Krone into Rules Use the following spot and Forward quotations on the US dollar Australian dollar {USS/AS) from July 5. 2009, the following questions Calculate the mid-rates from the Mid-ask rate quotes b) Calculate the forward premium on the different maturities using the mid-rates from parta) Since the exchange rate qoutes are direct quotes on the dollar (USS/AS), the propor forward pocmium akulation is Forward premium" (Forward - Spety (Spex (360 / days a) Calculated Mid- Rate b) Forward Premium Days Forward Ask Rate Period per 1 month 2 months months 6 months 12 months 24 months *** BM Rate 0.74140 0.73983 0.73871 0.73752 0.73412 0.72870 0.71900 0.14190 0.74085 0.73924 0.73805 0.73524 0.73058 0.71999 360 720 The forward rates progressively require fewer and fewer US dollars per Australian Gollat. The dollar is therefore selling forward at a premium and simultaneously, the Australian dollar would he said to be selling forward a discount 1. a. Use the following cross rate table from Bloomberg to answer the following questions. If you are not familiar with all of the 3-letter currency codes, refer to the table inside the back cover of this text. HKD AUD 5.7597 CAD 6.2881 1.0917 Currency HKD AUD CAD CHF GBP JPY EUR USD USD 7.7734 1.3496 1.2362 1.3038 0.5689 112.195 0.8391 EUR 9.2639 1.6084 1.4732 1.5539 0.678 133.7084 CHF 5.9618 1.0351 0.9481 JPY 0.0693 0.012 0.011 0.0116 0.0051 GBP 13.6644 2.3724 2.1731 2.292 0.4363 86.049 0.6436 0.767 0.916 0.9661 0.4215 83.1309 0.6217 0.741 1.0547 0.4602 90.758 0.6788 0.8089 0.1736 0.159 0.1677 0.0732 14.4333 0.1079 0.1286 197.222 1.475 1.7578 0.0075 0.00891 1.1918
