Question
If anybody can explain the steps to solving the following foreign exchange questions I would be extremely greatful!!! (a) Which currency loses the greatest proportional
If anybody can explain the steps to solving the following foreign exchange questions I would be extremely greatful!!!(a) Which currency loses the greatest proportional value against the Rupee when using the World Bank Index instead of today's exchange rate?
(b) What was the World Bank Index for Yen yesterday?
(c) A company changes $220,000 to Rupees at the 'Day's High' rate to pay a debt of 8 million Rupees. Approximately what amount of Rupees is left over, or still owing, following this transaction?
(d) If the exchange rate for Sterling and Euro continue to increase every day by the same amount of Rupee as today, in how many more days would a Euro buy more Rupees than one pound Sterling?
(e) If the exchange rate for Yen decreases by the same amount of Rupees to tomorrow as it did today, how many Rupee would 30,000 Yen buy?
(f) If the closing point/WBI ratio is constant, what would the WBI have been for Yen yesterday?
Today's Exchange Rates for the Indian Rupee World Closing Todays Today's Change oW on Day Bank Sterling56.58 56.85 54.96 +0.34 5389 US Dollar 34.82 36.13 34.82 0. 34.51 37.29 38.86 35.94 34 35.42 0.320.34 0.30 0.02 0.30 High on Day Index Point Low Euro en ra anumber of Rupoe prstated curoncyStep by Step Solution
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