Question
a) What is the spot rate for the British Pound on Wednesday in terms of dollars (how many dollars does a pound cost or for
a) What is the spot rate for the British Pound on Wednesday in terms of dollars (how many dollars does a pound cost or for the US, the direct rate?)
b) What is the spot rate for the dollar on Wednesday in terms of the Swiss franc (the indirect rate)?
c) Calculate the cross rate of exchange between the British Pound and the Swiss Franc
d) If you are planning on going to Japan this summer, should you buy your Yen today? Why or Why not?
e) Did the value of the Canadian Dollar rise or fall between Tuesday and Wednesday?
f) How many Indian Rupee can you get for 5000 USD on Wednesday?
g) How many USD can you get for 5000 Philippine Pesos on Wednesday?
U.S. Dollar Equivalent Currency per U.S. Dollar U.S. Ddlar Equivalent Currency per U.S Dollar Country/currency Wednesday Tuesday Wednesday Tuesday Country/currenoy Wedhesday Tuesday Wednesday Tuesday July 17uly 16, uly 7, July 16, July 17July 16, ly17, July 16 2013 2013 2013 2013 2013 2013 2013 2013
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