Question
He bought AUD 3,500,000 from Citiny Bank in New York on October 14. The table below gives you the rates advertised by it. Calculate the
He bought AUD 3,500,000 from Citiny Bank in New York on October 14. The table below gives you the rates advertised by it. Calculate the amount in USD that was required to obtain AUD. Give your calculations
Exchange rate offered by Citiny Bank on October 14 USD / AUD
| Exchange rate: | Bid | offer |
| spot rate | 1.3504 | 1.3554 |
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The Handbook Of Financial Modeling
Authors: Jack Avon
1st Edition
1430262052, 978-1430262053
