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Export Bank has a trading position in euros yen and Australian dollars. At the close of business on October 20, the bank had 20 million
Export Bank has a trading position in euros yen and Australian dollars. At the close of business on October 20, the bank had 20 million and A$30 million. The exchange rates for the most recent six days are given below: Exchange Rates per U.S. Dollar at the Close of Business 10/20 10/19 10/18 10/17 10/16 10/15 Euros 1.3900 1.3870 1.3675 1.3775 1.3850 1.4015 Australian $s 0.7800 0.7650 0.7900 0.7755 0.7605 0.7560 a. What is the foreign exchange (FX) position in dollar equivalents using the FX rates on October 20? b. What is the sensitivity of each FX position; that is, what is the value
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