Any helper can help to answer Q1-Q3?

Question 1 (9 marks) In many cases, you will see a FX quotation like this JPY 110.25 you know that this means USD/JPY at 110.25 i.e. 110.25 JPY per 1 US$. The base currency is USD in terms of JPY. per a. (3 marks) GBP 1.2775: base ; quoted in terms of b. (3 marks) CAD 1.3340: base ; quoted in terms of c. (3 marks) TWD 29.12 (Taiwan Dollar) base ; quoted in terms of per per 1 Question 2 (18 marks) Based on the rates given below, determine which currency strengthened and which currency weakened, whether the currency closed up or down and your profit or loss based on the position you took at the open. Example: Sterling opens at 1.2890 and closes at 1.2750 and purchase of 1 million GBP at the open. The sterling closed down for the day, therefore the sterling weakened and the (US) dollar strengthened. The profit and loss of the open position will be 140 pips loss 1,000,000 * (1.2750-1.2890) = - 14,000 USD (currency and amount) Base currency gain/loss is 1,000,000 *((1.2750/1.2890) - 1) = - 10,861.13 GBP a. (9 marks) Dollar-yen opens at 110.25 and closes at 113.50 and sold 1 million USD against JPY at the open. b. (9 marks) EUR opens at 1.1960 and closes at 1.1750, and purchase of 500,000 euro at the open. Question 3 (10 marks) The following are FX quotes from two competition banks. Determine at which rate and whom the client will deal at. Fill the blanks: a. Clients wants to Buy 5 GBP versus USD Sell 10 USD versus JPY Buy 1 USD versus CAD Buy 5 USD versus EUR Bank A quote 1.3050 / 58 110.33/43 1.3156 / 64 1.0912/19 Bank B quote 1.3052 / 62 110. 35 / 42 1.3153 / 61 1.0910 / 20 Client deals at 1.3058 Bank A (2 marks) (2 marks) (2 marks) b. C. Assume you are now a price maker (market maker). Quote a two-way price (both bid and offer with a maximum of 10 points/pips spread) that would attract the client d. (2 marks) of deal no. a above to deal with your bank. e. (2 marks) of deal no. b above to deal with your bank. 2