Crane Corporation's recent sale to a firm in Mexico produced revenues of 14,370,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1,207,080.00, what was the spot rate at which the pesos were converted?(Round answer to 4 decimal places, e.g. 15.2578.)

Spot rate

$/MP

If the spot rate was $1.0304/C$ and the 90-day forward rate was $1.0394/C$, how much more (in U.S. dollars) would you receive by selling C$1,025,000 at the forward rate than at the spot rate?

Additional revenue=

Sheridan, Inc., sold equipment to an Irish firm and will receive 1,371,300 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.3370/, what is the dollar revenue received?(Round answer to 2 decimal places, e.g. 15.25.)

Revenue received

$

Cullumber Equipment purchased machinery from a Japanese firm and must make a payment of 334,400,000 in 45 days. The bank quotes a forward rate of 95.00/$ to buy the required yen. What is the cost to Cullumber in U.S. dollars?(Round answer to 2 decimal places, e.g. 15.25.)

Cost of equipment

$

Crane Autos has contracted with an Indian software firm for design software. The payment of 30,500,000 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs64.00/$.(Round answer to 2 decimal places, e.g. 15.25.)

Cost of software

$

Nova Scotia Bank offers quotes on the Canadian dollar as shown below. What is the bid-ask spread based on these quotes?(Round answer to 2 decimal places e.g. 17.54%.)

Bid

Ask

C$0.9759/$

C$0.9763/$

Bid-ask spread

%

A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.0850/SF and an ask rate of $1.0902/SF. What is the bid-ask spread?(Round answer to 3 decimal places, e.g. 17.540%.)

Bid-ask spread

%

A foreign exchange dealer is willing to buy the Danish krone (DKr) at $0.1558/DKr and will sell it at a rate of $0.1573/DKr. What is the bid-ask spread on the Danish krone?(Round answer to 2 decimal places, e.g. 17.52%.)

Bid-ask spread

%

Given the following quotes, calculate the / cross rate.(Round answer to 4 decimal places, e.g. 15.2578. Do not enter currency sumbols in your answer.)

Bank of America

$1.650/

JP Morgan Chase

$1.3799/

Cross rate

/

Barclays Bank of London has offered the following exchange rate quotes: 196.30/ and Korean won 13.7550/. What is the cross rate between the Korean won and the British pound?(Round answer to 2 decimal places, e.g. 15.25. Do not enter currency symbols in your answer.)

Cross rate

Won/

The spot rate on the London market is 0.5560/$, while the 90-day forward rate is 0.5581/$. What is the annualized forward premium or discount on the British pound?(Round answer to 2 decimal places, e.g. 17.54%. Use 360 days for calculation.)

Forward premium or (discount)

%

The foreign exchange department at Tokyo's Daiwa Bank quoted the spot rate on the euro at 0.007030/. The 90-day forward rate is quoted at a premium of 5.00 percent on the euro. What is the 90-day forward rate?(Round answer to 6 decimal places, e.g. 15.251945. Use 360 days for calculation.)

Forward rate

/

Cullumber Pharma just received revenues of $3,166,000 in Australian dollars (A$). Management has the following exchange rates: A$2.69500/ and $1.5906/. What is the U.S. dollar value of the company's revenues?(Round intermediate calculation to 4 decimal places, e.g. 15.2578 and final answer to the nearest whole dollar, e.g. 5,275.)

Revenue $