On March 13, 2020, you convert 530,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? Use the data in Table 9-1 for this problem. (Round your answer to 2 decimal places. (e.g. 32.16)) Amount that you will receive in US dollars at the end of six months Chile peso TABLE 9-1 Foreign Currency Exchange Rates Exchange Rates: New York Closing Snapshot Friday, March 13, 2020 US dollar foreign-exchange rates in late New York trading Country/Currency IN USS PER USS Fri Thurs Fri Thurs America Argentina peso 0.0159 0.0159 62.90 62.70 Bruil real 0,2058 0.2086 4.8595 4.7941 Canada dollar 0.7243 0.7181 1.3807 1.3926 1-month forward 0.7148 0.7209 1.3990 1.3872 3-month forward 0.7149 0.7210 1.3988 1.3870 6-month forward 0.7151 0.7211 1.3984 1.3868 0.001192 0.001176 839.00 850.60 Colombia peso 0.000249 0.000248 4023 01 4028.00 Ecuador US dollar 1.0000 1.0000 1.0000 1.0000 Mexico peso 0.0456 0.0456 21.9168 21.9202 Uruguay pero 0.02304 0.02314 4341 43.21 Asia-Pacific Australian dollar 0.6193 0.6237 1.6147 1.6033 China yuan 0.1427 0.1423 7.0082 70296 Hong Kong dollar 0.1287 0.1286 7.7695 7.7773 0.01354 0.01341 73.84 74.576 Indonesia rupiah 0.0000677 0.0000689 14770 14522 Japon yen 0.00926 0.00956 107.98 104.63 1-mooth forward 0.00936 0.00948 106.88 105.49 3-month forward 0.00938 0.00950 106,38 105.22 6-month forward 0.00941 0.00953 10624 104.91 Kazakhstan tengo 0.00246 0.0025 406,35 400.63 Macapataca 0.1250138 0.1249375 7.9970 8.0040 Malayala ringgit 0.2337 0.2141 4.2785 4.2725 New Zealand dollar 0.6068 0.6087 1.6480 1.6428 Palostan rupee 0.00636 0.00628 157,15 159.25 Philippines peso 0.0196 0.0195 51.07 51.32 Singapore dollar 0.707 0.7091 1.4145 1.4102 South Korea won 0.0008252 0.0008256 1211.78 1211.21 Sri Lanka Rupee 0.005423 0.0054684 184.4 182.87 This dollar 0.03317 0,03313 30.14 30.18 Country/Currency IN USS PER USS Fri Thurs Fri Thurs Thailand baht 0.03138 0.00152 31.87 31.73 Vietnam Cong 0.00004308 0.00004311 23211 23197 Europe Bulgaria lev 0.56567 0.57251 L.7680 1.7470 Croatia kuna 0.1466 0.1471 68234 6.799 Czech Rep. koruna 0.0422 0.04267 23.69 23.438 Denmark krone 0.1486 0.1497 6.7290 6.6812 Euro are curo 1.1104 1.1185 0.9006 0.8941 1-month forward 1.1090 1.1102 0.9017 0.9008 3-month forward 1.1120 1.1130 0.8993 0.8985 6-month forward 1.1150 1.1163 0.8969 08958 Hungary forint 0.00327675 0.00330557 305.18 302.52 Iceland Krona 0.007404 0.007492 135.07 133.48 Norway Krone 0.1994 0.0984 100583 10.1657 Poland Zloty 0.2538 0.2555 3.9403 3.9142 Romania leo 0.22001 0.2318 4.4456 4.3140 Russian ruble 0.01377 0.01335 72.623 74.503 Sweden Krona 0.103 0.1026 9.7050 9.7493 Switzerland franc 1.0521 1.0594 0.9503 0.9439 1-month forward 10502 1.0507 0.9522 0.9518 3-month forward 10536 1.0541 0.9491 0.947 6-month forward 10576 1.0581 0.9455 0.94451 Turkey lira 0.1579 0.1583 6.3337 6.3168 Ukraine hryvnia 0.0383 0.0387 26,1356 25.8563 UK pound 1.2284 1.2569 0.8141 0.7956 1-mooth forward 1.2415 1.2555 O NOSS 0.7965 3-month forward 1.2425 1.2564 0.8048 0.7960 6-month forward 1.2428 1.2566 0.8046 0.7958 Middle East/Arka Bahrain dinar 2.6489 2.6524 0.3775 0.3770 Egypt pound 0.0637 0.0637 15.7007 15.7011 Israel shekel 0.2728 0.2711 3.6662 3.6887 Kuwait dinar 3.2457 3.2608 0.3051 0.0067 Qatar rial 0.2754 0.2762 3.6312 3.6202 Saudia Arabia riyal 0.2664 0.2664 3.7533 3.7538 South Africa and 0.0614 0.0605 16.2771 16.5405 Lidia rupee
