Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
As a foreign exchange trader at Sumitomo Bank, one of your customers would like a quote for the number of SEK ( Swedish Krona )
As a foreign exchange trader at Sumitomo Bank, one of your customers would like a quote for the number of SEK Swedish Krona per AUD Australian dollars Current market rates for the number of SEK per USD and the number of AUD per USD spot on the left and the "forward points", also called "swap points" on the right are: Spot SEKUSD day AUD USD Q: What bid cross rate would you quote for the spot number of SEK per AUD? Q: What ask cross rate would you quote for the spot number of SEK per AUD? Q: What bid outright cross rate would you quote for the day forward rate for the number of SEK per AUD? Q: What ask outright cross rate would you quote for the day forward rate for the number of SEK per AUD? Give all answers to decimal places.
As a foreign exchange trader at Sumitomo Bank, one of your customers would like a quote for the number of SEK Swedish Krona per AUD Australian dollars Current market rates for the number of SEK per USD and the number of AUD per USD spot on the left and the "forward points", also called "swap points" on the right are:
Spot
SEKUSD
day
AUD USD
Q: What bid cross rate would you quote for the spot number of SEK per AUD?
Q: What ask cross rate would you quote for the spot number of SEK per AUD?
Q: What bid outright cross rate would you quote for the day forward rate for the number of SEK per AUD?
Q: What ask outright cross rate would you quote for the day forward rate for the number of SEK per AUD?
Give all answers to decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started