1. Supposed the Brazilian real is quoted as USD/BRL = 1.9681-1.9751; and the Thai baht is quoted as USD/THB = 32.4397-9397 (4 decimal points).

1. What are the direct quotes in US for American companies for both currencies?

2. A U.S. company now has to pay the Thai exporter B 10 million. How much in U.S.$ do they have to give the bank to have the exact amount?

3. A U.S. company receives a payment from the Brazilian customer of R 100 million. How much in U.S.$ will they get if they would sell all foreign currencies to the bank?

4. A Brazilian company and a Thai company are having international trade, where the Brazilian company imports B 10 million worth of finished products. How much does it cost them in Brazilian real now to buy that amount of Thai baht to make the payment?

(Since the pair is not actively traded and it is not easy to find a matching trader, the bank would use the liquid USD as the medium of exchange).