Financial Markets 

1. a

a. Fill in the blanks based on direct and indirect quotes
Currency	USD equivalent	Currency per 1 USD	Equivalent of USD 2,000	USD equivalent of 5,000 units of Foreign currency
JPY	0.0080
EUR				9,723.64
GBP			2,299.62
CHF		1.0699

 

b.A British retailer placed an order with a manufacturing firm based in Japan to buy 1,000 trousers for JPY 200,000,000

How many GBP does the British retailer need to cover the payment? 

JPY / USD		USD (for JPY 200 mn)
USD / GBP		GBP

c.An investment banking firm in Switzerland wants to buy 1,000 shares in a British stock market index fund. Each share of that fund costs GBP 15,000.

How many Swiss francs will it need to make that investment?