Using the American term quotes from Exhibit 5.4, calculate a cross-rate matrix for the euro, Swiss franc, Japanese yen, and British pound

CHAPTER S THE MARKET FOR FOREIGN EXCHANGE EXHIBIT 5.4 Exchange Rates June 5, 2013 U.S.dollar foreign exchange rates in late New York trading Wed Country currency in US$ Per USS (%) Wed in USS in USs Per USsCzech Rep. koruna 0507619.700 3.6 Country/currency Per USS (%) |Czech Re 5076 1756 5.6938 0.7 19.700 3.6 1889 5.2931 7.7 Euro area euro 4700 2.1277 3.9 3-mos forward 9668 1.0344 4.2 peso 7635 0.8 7629 0.8 004394 227.58 3.1 5.8103 4.4 3056 3.2726 5.8 03105 32.211 5.6 1518 6.5894 1.3 Canada dollar 1.3107 001986 5 0005263 1900.22 7.5 Hungary 6-mos forward 03.50 5.0 Hungary forint Colombia peso 0005263 1900.22 7.5 Norway krone Ecuador US dollar Mexico peso 0778 12.8567 unch Russia ruble 3696 2.705 6.3 Sweden krona 157480 6.3500 46.0 1-mos forward 04959 20.1650 5.6 Switzerland franc 5.6 switzer torward1.0624 9402 Uruguay peso 1.0614 1.0617 Venezuela b. fuerte .157480 6.3500 46.0 Asia-Pacific Australian dollar 9402 3.0 8928 6.1 1.0503 8.2 1.0546 8.2 1-mos forward 9482 3-mos forward 6-mos forward 1632 6.1274 -1.7 3-mos forward 1288 7.7613 0.1 6-mos forward 6495 5.2 6498 5.2 1.5396 Hong Kong dollar 56.855 3.4 01759 Indonesia rupiah 0001021 9792 1.6 Middle East/Africa 3770 unch 6.9877 9.9 2727 3.6668-1.7 7081-0.3 2851 1.4 2.6525 99.07 14.2 Bahrain dinar 99.06 12.4 Egypt pound 99.02 12.5 Israel shekel 98.95 12.5 Jordan dinar 010099 010106 3243 3.0835 0.9 Kuwait dinar 0.7 New Zealand dollar 797012547 3.9 Lebanon pound .0006614 1511.85 New Zealand dolar 0101598 1 495 1.3 Saudi Arabia riyal 0238 42.049 2.5 South Africa rand 2666 3.7504 unch 0999 10.0073 18.3 2723 3.6730 unch Philippines peso 8003 1.2496 2.3UAE dirham ngapore dollar South Korea won Close Net Chg %Chg YTD-Che 5.2 0008936 1119.02 03339 29.953 3.1 WSJ Dollar Index 73.30 -0.20-0.27 5.46 03274 30.547 -0.1 20948 0.8 Thailand baht Vietnam dong Sources: The Wow Street Journal June 6, 2015. p cs. Reprinted by permsson of he war sreemnot . eserved dwide. Euro area exchange races are 4 p.m. ET rates on June 5, 2013,frors Bloomberg 00004774 2013 Dow Jones &Company, Inc All Rights 2013 Dow Jones & The Wall Street Journal, June 6,2015 p CS. Reprinted by pemission of The Woir Street Journal June 5, is S(SIE) 1.5405. The corresponding European quote is SE/S) 6491. When the context is clear as to what terms the quotation is in, the less cumbersome S will be used to denote the spot rate It should be intuitive that the American and European term quotes are reciprocals of one another. That is