Question
Use the rates provided below for the three problems in this tab. Bid/AskSpotUSD/JPY123.22/128.55Forward (30 day)USD/JPY120.25/122.35 Spot SGD/AUD1.4811/1.4922Forward (60 day) SGD/AUD1.4775/1.4801 Questions You will have SGD
Use the rates provided below for the three problems in this tab.
Bid/AskSpotUSD/JPY123.22/128.55Forward (30 day)USD/JPY120.25/122.35
Spot SGD/AUD1.4811/1.4922Forward (60 day) SGD/AUD1.4775/1.4801
Questions
You will have SGD 125 M in 60 days and you want to exchange them for Australian Dollars (AUD). How many AUD will you get?Also, which currency is getting stronger (at a premium) relative to the other?SGDAUD?Which is stronger?
2) You will need JPY 5.75 B in 30 days, how many USD will it take to buy them?Which currency is getting stronger relative the other?JPYUSDWhich is stronger?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
