Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: Using the American term quotes from Exhibit 5.7, calculate the one-, three-, and six-month forward cross-exchange rates between the Australian dollar and the

  

Required: Using the American term quotes from Exhibit 5.7, calculate the one-, three-, and six-month forward cross-exchange rates between the Australian dollar and the Swiss franc. State the forward cross-rates in "Australian" terms. Note: Round your answers to 4 decimal places. Exhibit 5.7 Exchange Rates Currencies January 31, 2022 U.S.-dollar foreign-exchange rates in late New York trading Monday Country/ Currency Americas Argentina peso Brazil real Canada dollar Chile peso Colombia peso Costa Rica colon Ecuador US dollar Mexico peso Peru new sol Asia-Pacific Australian dollar 1-mos forward 3-mos forward 6-mos forward China yuan Hong Kong dollar India rupee Indonesia rupiah Japan yen 1-mos forward 3-mos forward 6-mos forward Malaysia ringgit New Zealand dollar Philippines peso Singapore dollar South Korea won Taiwan dollar Thailand baht Vietnam dong In USS 0.0095 0.1883 0.7869 0.001249 0.000254 0.001556 1 0.0485 0.2601 0.7067 0.7068 0.7071 07077 0.1572 0.1283 0.01340 0.0000696 0.00869 0.00869 0.00870 0.00872 0.2389 0.6576 0.01962 0.7400 0.0008268 0.03593 0.03009 0.00004 Per USS 105.02 5.3102 1.2708 800.60 3942.5 642.73 I 20.635 3.845 1.4150 1.4149 1.4143 14131 6.3612 7.7974 74.622 14368 115.11 115.09 114.98 114.70 4.1855 1.3206 50.975 1.3513 1209.5 27.835 33.238 22649.7 Europe Czech Rep. koruna Denmark krone Euro area euro 1-mos forward 3-mos forward 6-mos forward Hungary forint Norway Krone Poland zloty Russia ruble Sweden krona Switzerland franc 1-mos forward 3-mos forward 6-mos forward Turkey lira UK pound 1-mos forward 3-mos forward 6-mos forward Middle East/Africa Bahrain dinar Egypt pound Israel shekel Jordan dinar Kuwait dinar Nigeria naira Saudi Arabia riyal South Africa rand UAE dirham 0.04616 0.1499 1.1235 1.1241 1.1260 1.1299 0.00316 0.1124 0.24515 0.01293 0.1073 1.0785 1.0793 1.0815 1.0857 0.0752 1.3447 1.3444 1.3441 1.3435 2.6527 0.0636 0.3159 1.4105 3.3002 0.00241 0.2665 0.0650 0.2723 21.666 6.6708 0.8901 0.8896 0.8881 0.8851 316.19 8.8963 4.0791 77.312 9.3230 0.9272 0.9265 0.9247 0.9211 13.304 0.7437 0.7438 0.7440 0.7443 0.3770 15.722 3.1653 0.7090 0.3030 415.26 3.7519 15.387 3.6730

Step by Step Solution

3.47 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

SOLUTION To calculate the forward crossexchange rates between the Australian dollar ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Management

Authors: Cheol S. Eun, Bruce G.Resnick

6th Edition

71316973, 978-0071316972, 78034655, 978-0078034657

More Books

Students also viewed these Finance questions

Question

Explain how to dispute irrational beliefs. Critical T hinking

Answered: 1 week ago

Question

Shellsort is a stable sort True False

Answered: 1 week ago