Calculating and using Exchange Rates Exercise 1 Fill in the table using the direct and indirect quotes provided. Currency U.S. Equivalent Currency per USS Equivalent of 100 USS China (Yuan Renminbi) 0.1208 Japan (Yen) 120.38 Mexico (Peso) 1064.28 Singapore Dollar) 1.7803 Taiwan (Dollar) 0.02878 Turkey (Lira) 161.290,300 UK (Pound) 1.5734 Venezuela (Bolivar) 1597.44 Euro 1.0773 Calculating cross exchange rates Exercise 2 Use these exchange rates to answer the questions below: Country China-yuan renminbi (CNY) Japan -yen (JPY) Argentina - peso (ARS) Vietnam - dong (VND) Currency per U.S.S 82871 119.040 2.975 16041 A Japanese manufacturing firm, Japanohondapokemon, plaked a purchase order with Beijing conglomerate, Maydinchina, to procure 10,000 tons of raw materials at a cost of 9,030,200 yuan renminbi How many yen does the Japanese firm have to exchange in order to pay the bill in yuan renminbi? A trader at well-known investment banking firm, Silverman Pouches, has an Argentinean client who is interested in investing in emerging markets. The trader suggests the purchase of Vietnamese government-issued bonds, currently selling at 1,604,100 Vietnamese dong (VND) per bond. How many Argentine pesos (ARS) will it cost if the client wants to purchase 250 bonds