Question
Ronaldo de Assis Moreira lives in Porto Alegre, Brazil. During the 2016 Summer Olympics he met Ivan Zamorano from Chile. Over the summer break, Ronaldo
Ronaldo de Assis Moreira lives in Porto Alegre, Brazil. During the 2016 Summer Olympics he met Ivan Zamorano from Chile. Over the summer break, Ronaldo decides to visit Ivan in Santiago de Chile for a couple of weeks. Ronaldos parents give him some spending money, BRL4,500. Ronaldo wants to exchange it for Chilean pesos (CLP). He collects the following rates:
Spot rate on the CLP/USD = CLP673.26 / 1 USD
Spot rate on the USD/BRL = USD0.30737 / 1 BRL
a. What is the Brazilian real/Chilean peso cross rate?
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Securitisation Derivatives A Practioner's Handbook
Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson
1st Edition
1119532272, 978-1119532279
