Check m On July 15, 2016, you convert 570,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? Use the data in Table 91 for this problem. (Round your answer to 2 decimal places. (e.g., 32.16)) Amount that you will receive in U.S. dollars at the end of six months PER US$ Fri Thurs 14.7260 14.9390 3.2784 3.2533 1.2972 TABLE 9-1 Foreign Currency Exchange Rates Exchange Rates: New York Closing Snapshot Friday, July 15, 2016 U.S.-dollar foreign-exchange rates in late New York trading IN US$ Country/currency Fri Thurs Americas Argentina peso 0.0669 0.0679 Brazil real 0.3050 0.3074 Canada dollar 0.7709 0.7758 1-month forward 0.7709 0.7758 3-months forward 0.7710 0.7759 6-months forward 0.7711 0.7760 Chile peso 0.001526 0.001538 Colombia peso 0.0003422 0.0003429 Ecuador US dollar 1 1 Mexico peso 0.0537 0.0545 Peru new sol 0.3050 0.3049 Uruguay peso 0.03294 0.03299 Venezuela bolivar 0.1000996 0.10014972 Asia-Pacific Australian dollar 0.7575 0.7632 China yuan 0.1494 0.1497 Hong Kong dollar 0.1290 0.1290 India rupee 0.01489 0.01496 Indonesia rupiah 0.0000763 0.0000767 Japan yen 0.00953 0.00949 1-month forward 0.0095320 0.0094918 1.2971 1.2970 1.2968 655.10 2922.25 1.2891 1.2890 1.2889 1.2887 650.40 2916.55 1 1 18.6066 3.2785 30.3600 9.9901 18.3528 3.2795 30.3100 9.9851 1.3103 6.6818 1.3201 6.6924 7.7546 67.14050 7.7543 66.84320 13110 13037 105-35 104.91 104.90991 105-35397 105-35397 1-month forward 3-months forward 6-months forward Kazakhstan tenge 0.0095320 0.0095320 0.0095320 0.00295 0.0094918 0.00949235 0.00949237 0.00295 104.90991 104.90980 104.90961 105-34796 105-34777 339.27 339.33 0.1253039 7.981 0.2542 7.990 3.9657 1.4049 0.7199 0.00954 0.0213 0.1251643 0.2522 0.7118 0.00955 0.0214 0.7420 0.0008784 0.0068757 0.03130 0.02860 0.00004482 104.72 46.7930 1.3477 1138.47 3.9335 1.3891 104.80 46.8900 1.3423 1132.42 145.44 0.7450 0.0008831 0.0068644 0.03125 0.02855 0.00004488 145.68 32.00 31.95 35.030 34.970 22310 Macau Pataca Malaysia ringgit New Zealand dollar Pakistan rupee Philippines peso Singapore dollar South Korea won Sri Lanka rupee Taiwan dollar Thailand baht Vietnam dong Europe Bulgaria lev Croatia kuna Czech Rep. koruna Denmark krone Euro area eu 1-month forward 3-months forward 6-months forward Hungary forint Iceland krona 22282 1.774 1.759 0.56367 0.1471 0.04084 0.1483 0.56844 0.1484 0.04114 0.1495 euro 1.1037 1.1121 6.7973 24.489 6.7422 0.9061 0.9048 0.9026 0.8990 285.72 1.1052 1.1079 1.1135 1.1163 6.7387 24-309 6.6888 0.8992 0.8980 0.8958 0.8923 282.66 121.67 1.1123 0.00349993 0.008237 1.1207 0.00353782 0.008219 121.41 8.3631 3.9645 Norway krone Poland zloty Romania leu Russia ruble Sweden krona Switzerland franc 1-month forward 3-months forward 6-months forward Turkey lira 0.1179 0.2492 0.2463 0.01570 0.1164 1.0175 1.0193 1.0229 1.0286 0.1196 0.2522 0.2479 0.01590 0.1177 1.0195 1.0213 1.0249 1.0306 8.4836 4.0126 4.0603 63.706 8.5882 0.9828 0.9810 0.9776 4.0339 62.904 8.4973 0.9809 0.9791 0.9757 0.9722 3.0198 0.9703 2.8783 0.3311 0.3474 0.0404 24.7535 0.0404 1.3188 1.3192 1.3344 1.3348 1.3358 24.7590 0.7583 0.7581 0.7575 0.7564 0.7494 0.7492 1.3202 1.3221 0.7486 0.7475 1.3377 Ukraine hryvnia UK pound 1-month forward 3-months forward 6-months forward Middle East/Africa Bahrain dinar Egypt pound Israel shekel Kuwait dinar Oman sul rial Qatar rial Saudia Arabia riyal South Africa rand 2.6500 0.1127 0.2580 2.6506 0.1126 0.3774 8.8726 3.8767 0.3020 0.38 3.6387 0.3773 8.8782 3.8511 0.3021 3-3113 0.39 0.2597 3-3097 2.59663 0.2746 0.2666 0.0703 2.59912 0.2748 0.2668 0.0690 3.6422 3.7475 3.7503 14.5015 14.2255