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Country AMERCIAN TERMS ($ / EUROPEAN TERMS ( / $ BID ASK BID ASK NZ$ 0.4660 0.4667 SG$ 0.5705 0.5710 Compute the European terms for
| Country | AMERCIAN TERMS ($ / | EUROPEAN TERMS ( / $ | ||
| BID | ASK | BID | ASK | |
| NZ$ | 0.4660 | 0.4667 |
|
|
| SG$ | 0.5705 | 0.5710 |
|
|
- Compute the European terms for the currencies
- What is the BID cross exchange rate for SG$ priced in NZ$?
- What is the ASK cross exchange rate for SG$ priced in NZ$?
- Suppose an investor wanted to SELL 2000 NZ$ to $ & SELL 1500 SG$ to $. How much is the total $ received at the end?
- Suppose an investor wanted to BUY 1000$ by selling SG$. How many SG$ does he need?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
