Question
We also have access to the cross rates for USD/TRY for the same comparable time period i.e. the United States Dollar and the Turkish Lira.
- We also have access to the cross rates for USD/TRY for the same comparable time period i.e. the United States Dollar and the Turkish Lira. These cross rates have been added to the previous table and are shown below. Based on these three (3) series of cross rates, complete the table below showing the cross rates for the Australian Dollar / United States Dollar (AUD/USD) for the time periods listed below. In other words, calculate the cross rates for column 5 below.
Year | Australian Dollar/ Chinese Renminbi AUD/CNY | Turkish Lira / Chinese Renminbi TRY/CNY | United States Dollar / Turkish Lira USD/TRY | Australian Dollar / United States Dollar AUD/USD |
18 Jan 2017 | 5.17838 | 1.82311 | 3.76184 | |
18 Jan 2018 | 5.12899 | 1.68475 | 3.81868 | |
18 Jan 2019 | 4.86940 | 1.26408 | 5.35780 | |
18 Jan 2020 | 4.71856 | 1.16493 | 5.88842 | |
18 Jan 2021 | 4.98210 | 0.867676 | 7.46804 | |
18 Jan 2022 | 4.56488 | 0.469323 | 13.511 |
- Plot the movement of the cross rates you calculated from part c) on a separate diagram. briefly comment on the cross rate diagram
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
