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HI, I need some help answering Q 1 : part F and G ( already answered but I dont think it is correct ) and
HI,
I need some help answering Q 1 : part F and G ( already answered but I dont think it is correct )
and Q 3 : Part D and E ( already answered but not too sure if it is correct )
the answer I got for D is ( 0.8547 )
and the answer for E is ( 0.8333 )
can you please tell me if it correct, and if not can you show me the correct answer and the way to answer it. Thank you
INTERNATIONAL FINANCE (FIN 178) Homework Assignment thi Due: At beginning of class Wednesday February Y106/S to S vis- 100/S NIS 1. Suppose that the Y per exchange rate changes from So a. what is the percentage change of the dollar? 5.6d b. Has the dollar appreciated or depreciated in value relative to the yen? ws "v106/s. How many dollars do you c. You sell X104 on at a spot price of So receive from this sale? l, 3 2. O d. One year later you pay dollars and buy y104 million at the new spot rate of l ,oa a, o a SI's V100 How many dollars do you pay for the yen How much have you gained/lost in dollars from the sale and subsequent purchase The dollar of yen? ave f. What is the percentage change of the yen 5.66 yen did g. Has the yen appreciated or depreciated in value relative to the dollar? he Apprec 2. Direct and Indirect Quotes a. The quote for euros in the U.S. is 0.88/$. Is this a direct or indirect quote? ndine b. The quote for euros in Japan is v121.92/e. Is this a direct or indirect quote? Drect c. The quote for euros in the U.K. is e1.16/f. Is this a direct or indirect quote? In d. If the direct quote for British pounds in Japan is Y142.02/f, then what is the 42.02 indirect quote for British pounds in Japan? 3. Split Bank quotes the following spot rates: "1.17/E Bid and 1.20/E, Ask." a. Which currency is Split Bank buying at the 1.17/f Bid rate? pound b. Which currency is Split Bank selling at the e1.20/f Bid rate? una c. What would you pay in euros if you bought f25,500 from Split Bank? 30, o d. What is the E/E Bid rate? (Hint: When you take the inverse of an Ask rate, it becomes a Bid rate.) e. What is the f/E Ask rate? (Hint: When you take the inverse of a Bid rate. it becomes an Ask rate.)
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