Question
An Australian electronics retailer is importing goods from Singapore. In order to ascertain the firms exposure to foreign exchange risk it needs to calculate the
An Australian electronics retailer is importing goods from Singapore. In order to ascertain the firms exposure to foreign exchange risk it needs to calculate the AUD/SGD cross-rate. A FX dealer quotes the following rates:
AUD/USD 0.7363-68
USD/SGD 1.351420
- Explain from the perspective of the dealer, what the AUD/USD quote indicates.
- Transpose the quotation in part (a)
- Calculate the AUD/SGD cross rate.
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Auditors Guide To IT Auditing Software Demo
Authors: Richard E. Cascarino
2nd Edition
1118147618, 978-1118147610
