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Currency Yen Euro Lira Cost of foreign currencies in $: Today in 30 days in 90 days $0.01 $0.009 $0.0087 $1.40 $1.42 $1.37 $0.002 $0.0015
Currency Yen Euro Lira Cost of foreign currencies in $: Today in 30 days in 90 days $0.01 $0.009 $0.0087 $1.40 $1.42 $1.37 $0.002 $0.0015 $0.0017 a) In the next 30 days is the $ expected to appreciate or depreciate against the Lira? Explain why. b) What is the indirect quote today for Euros? c) What would be the total cost of 20 Toyota pickups in $ today if the price is 3 million yen each? d) How many dollars will a local merchant save by getting into a 90 day contract for 40 million lira as opposed to buying the lira today
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