foreign exchange management

Short answer type questions Following spot rates are available in the London market. Currency Buying rate Currency Selling Rate French Francs 10.24 10.30 Swedish Kroner 13.50 13.75 Japanese Yen 170 175 Since these currencies are in short supply, you are required to operate through only sterling, which is quoted at Rs.75.25/35 in Mumbai. a. Compute the quantum of French Franc that you can buy for Rs. 1,50.000. b. What is the likely rate of Yen against Swedish Kroner