• CurrencyBidRateOfferRateEUR/USD1.23101.2313GBP/USD1.79451.7949USD/JPY110.73110.83USD/CHF1.28101.2815USD/CAD1.15141.1517USD/BRL2.17802.2345
• ( please find the attachment and mark the correct answer as well as provide the step by step details of calculation with formulas )

1. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 You have USD and you buy JPY. How much JPY you receive for each USD? 110.73 110.83 0.0090 0.0091 2. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 You have GBP and want to buy EURO. How much Euro do you receive per GBP? [Hint: This requires a cross-rate calculation] 1.4574 1.4581 2.2090 2.2101 3. Use the table to answer the following question(s). Yen: Spot and Forward(/$)Pound: Spot and Forward ($/) Spot Forward Rates 1 month 6 months Swaps 2 year 3 year Mid Rates 129.87 Bid Ask Bid Ask 129.92 Mid Rates 1.4484 129.82 1.4481 1.4487 129.68 128.53 -20 -136 -18 -132 1.4459 1.4327 -26 -160 -24 -154 117.65 115.50 1232 1452 1212 1422 1.4250 1.4225 -238 -265 -230 -253 According to the information provided in the table, the 6-month yen is selling at a forward ________ of approximately ________ per annum. (Use the mid rates to make your calculations.) premium; 2.09% premium; 2.06% discount; 2.06% discount; 2.09% 4. Use the table to answer the following question(s). Yen: Spot and Forward(/$)Pound: Spot and Forward ($/) Spot Forward Mid Rates 129.87 Bid Ask 129.82 129.92 Mid Rates 1.4484 Bid Ask 1.4481 1.4487 Rates 1 month 6 months Swaps 2 year 3 year 129.68 128.53 -20 -136 -18 -132 1.4459 1.4327 -26 -160 -24 -154 117.65 115.50 1232 1452 1212 1422 1.4250 1.4225 -238 -265 -230 -253 The ask price for the two-year swap for a British pound is ________. $1.4250/ -$238 $1.4257/ -$230 5. Use the table to answer the following question(s). Yen: Spot and Forward(/$)Pound: Spot and Forward ($/) Spot Forward Rates 1 month 6 months Swaps 2 year 3 year Cross rates Mid Rates 129.87 Bid Ask Bid Ask 129.92 Mid Rates 1.4484 129.82 1.4481 1.4487 129.68 128.53 -20 -136 -18 -132 1.4459 1.4327 -26 -160 -24 -154 117.65 115.50 1232 1452 1212 1422 1.4250 1.4225 -238 -265 -230 -253 are often reported in the form of a matrix in the financial newspapers. for the spot market in the table are 188.10/ (using the mid rates). can be used to check on opportunities for intermarket arbitrage. are all of the above. The spot Singapore dollar is quoted bid S$1.7160/US$, ask S$1.7200/US$. What is the direct quote in the United States to the nearest 4 decimal points? US$0.5828/S$ bid, US$0.5815/S$ ask US$0.5814/S$ bid, US$0.5828/S$ ask S$1.7160/US$ bid, S$1.7200/US$ ask S$1.7200/US$ bid, S$1.7160/US$ ask 6. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 EUR/JPY 134.10 134.50 Assume that you have 100,000,000 JPY. How much arbitrage profit can you generate by taking advantage of misallignment in the rates quoted above? JPY 1,443,256 JPY 1, 344,706 EURO 804.90 EURO 814.90 7. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 You have Brazilian Real and you want to buy CAD. How much BRL you pay per CAD? [Hint: This requires a cross-rate calculation] 1.8911 1.9407 1.8916 1.9401 8. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 You have GBP and you buy USD. How much GBP do you pay for USD 1,000,000. GBP 557,134.10 GBP 557,258.28 GBP 1, 794,500 GBP 1,794,900 9. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2..2345 You buy Euro 1,000,000 and pay _________________ $1,231,000 $1,231,300 $812,347 $812,349 10. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 EUR/JPY 134.10 134.50 By using above listed quotes, quote BRL/JPY cross rate. BRL/JPY 49.55-50.89 BRL/JPY 72.33-74.13 BRL/JPY 93.12-94.39 None of the above The spot euro is quoted $0.9644/ , and one year forward rate of $1.0416/ The one year forward is closest to: a 6.00% discount a 6.00% premium a 8.00% discount 11. If the direct quote for a U.S. investor for British pounds is $1.43/, then the indirect quote for the U.S. investor would be ________ and the direct quote for the British investor would be ________. 0.699/$; $1.43/ $0.699/ ; 0.699/$ 0.699/$; 0.699/$ $1.43/ ; 0.699/$ 12. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 You have GBP and want to buy EURO. How much GBP do you pay per EURO? [Hint: This requires a cross-rate calculation] 0.4525 0.6861 2.2090 1.4581 Use the table to answer the following question(s). Yen: Spot and Forward(/$)Pound: Spot and Forward ($/) Spot Forward Rates 1 month 6 months Swaps 2 year 3 year Mid Rates 129.87 Bid Ask Bid Ask 129.92 Mid Rates 1.4484 129.82 1.4481 1.4487 129.68 128.53 -20 -136 -18 -132 1.4459 1.4327 -26 -160 -24 -154 117.65 115.50 1232 1452 1212 1422 1.4250 1.4225 -238 -265 -230 -253 The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________. 1.4484/$; $0.6904/ 1.4487/$; $0.6903/ $1.4484/ ; 0.6904/$ $1.4481/ ; 0.6906/$ 13. Use the table to answer the following question(s). Yen: Spot and Forward(/$)Pound: Spot and Forward ($/) Spot Forward Rates 1 month 6 months Swaps 2 year 3 year Mid Rates 129.87 Bid Ask Bid Ask 129.92 Mid Rates 1.4484 129.82 1.4481 1.4487 129.68 128.53 -20 -136 -18 -132 1.4459 1.4327 -26 -160 -24 -154 117.65 115.50 1232 1452 1212 1422 1.4250 1.4225 -238 -265 -230 -253 The one-month forward bid price for dollars as denominated in Japanese yen is ________. 129.62/$ -20 -18 129.74/$ 14. The U.S. dollar suddenly changes in value against the euro moving from an exchange rate of to $.8709/ . Thus, the dollar has ________ by ________. appreciated; 2.24% depreciated; 2.24% appreciated; 2.30% depreciated; 2.30% 15. Currency Bid Rate Offer Rate EUR/USD 1.2310 1.2313 GBP/USD 1.7945 1.7949 USD/JPY 110.73 110.83 USD/CHF 1.2810 1.2815 USD/CAD 1.1514 1.1517 USD/BRL 2.1780 2.2345 You have CAD and you buy USD. How much CAD do you pay per USD? 1.1514 1.1517 0.8685 0.8683