PLEASE SHOW ALL WORK - ANSWERS ARE INCLUDED

not sure how to do it correctly.

On your post-graduation celebratory trip, you decide to travel from Munich, Germany to Moscow, Russia. You leave Munich with 13, 500 euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following spot rates: S($/)=1.09 and S($/ruble)=0.17. The cross rate S_c(ruble/) is 6.4118 You will obtain 86559 rubbles for your euros. During the 2002 Argentina currency crisis, the spot rate of peso had changed from Peso 1/$ to Peso 3.4/$ in a month. The Peso had depreciated (depreciated/appreciated) against dollar by 70.59 %. Citibank quotes yen 118.31-121.46/AUS. Then the ask price of AU$ is yen 121.46/AU$ and the ask price of yen is yen 118.31/AU$ UBS quotes yen 104.87-106.83/AU$. We can profit from selling (buying/selling) AU$ from/to Citibank and buying (buying/selling) AU$ from/to UBS. The profit would be yen 11.48 per AU$. You enter to sell (short) 125,000 forward delivered in 6 months. The forward price is F_6($/)=1.08. If the spot rate at the maturity is $1.12/, you have a loss (profit/loss) and it is $ 5000. In May 1997, George Soros started short-selling Thai Baht for U.S. dollar. As a result, the Thai Baht exchange rate had moved from 24 Bahts per dollar (May 1, 1997) to 52 Bahts per dollar (May 31, 1997) in a month. If George Soros had a short sale of 60,000,000 Bahts on May 1, 1997, his profit/loss would be 1346154 dollars at end of month. If on May 1, 1997 George Soros also had a short position of 70,000,000 Bahts at forward rate F_1(Baht/$)=28 in forward contracts, then his profit/loss in the forward trading would be $ 1153846 on May 31, 1997. (Keep the sign of your calculation)