A bank quotes a bid price of $0.0093 per yen and an ask price of $0.00936...
A bank quotes a bid price of $0.0093 per yen and an ask price of $0.00936 per yen for its wholesale customers. What is the bid/ask spread in percentage terms?
Bid/ask spread = Ask rate − Bid rate Ask rate = 0.00936 − 0.0093 0.00936 = 0.641% = 0.00641
Part 2 If you convert $29,000,000 to yen and then back to dollars, what is your total round-trip cost (in $)?
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A bank quotes a bid price of $0.0093 per yen and an ask price of
$0.00936...
3. Cross-rate Bid-Ask Quotes. National Bank quotes the following rates for the Euro and Yen: EUR/NZD Bid: 0.5153 Ask: 0....
3. Cross-rate Bid-Ask Quotes. National Bank quotes the following rates for the Euro and Yen: EUR/NZD Bid: 0.5153 Ask: 0.5168 JPY/NZD Bid: 81.14 Ask: 81.32 Calculate the bid/ask quotes for JPY/EUR.
2. Below are bank bid and ask mates Bid rate of S0.018554/Philippine Peso Ask rate of...
2. Below are bank bid and ask mates Bid rate of S0.018554/Philippine Peso Ask rate of $0.019614/Philippine Peso Bid rate of S0.031160/Taiwan New Dollar Ask rate of $0.033160/Taiwan New Dollar Bid rate of $0.008951/Japanese Yen Ask rate of $0.009251/Japanese Yen You start a trip to the Philippines with $1.500 in cash and convert that amount into Philippine Pesos (PHP). You are able to pay everything by credit card, so you convert your Philippine Pesos back into U.S. dollars when you...
Assume a bank's bid rate for the Danish kroner (DKK) is $0.1875, while its ask rate...
Assume a bank's bid rate for the Danish kroner (DKK) is $0.1875, while its ask rate is $0.1895. Assume you convert $1,000 to Danish kroner to take on your trip to Denmark. Immediately after conversion, a family emergency arises, and you are unable to go on your trip. Thus, you convert the Danish kroner back to dollars. What is the bank's bid/ask percentage spread?
Your broker quotes you an ask price of $21 for Stock XYZ and a bid price...
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A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank...
A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.1100/SF and an ask rate of $1.1151/SF. What is the bid-ask spread? (Round answer to 3 decimal places, e.g. 17.540%.)
A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank...
A local community bank has requested foreign exchange quotes for the Swiss Franc from Citibank. Citibank quotes a bid rate of $1.0650/SF and an ask rate of $1.0713/SF. What is the bid-ask spread? (Round answer to 3 decimal places, e.g. 17.540%.)
a. The prices of yen are quoted in Tokyo at ¥115/$ Bid and ¥118/$ Ask. What...
a. The prices of yen are quoted in Tokyo at ¥115/$ Bid and ¥118/$ Ask. What are the direct quotations of the bid and ask prices in New York? b. If the exchange rates are quoted as ¥145/€ and HK$20/€, then what is the cross- exchange rate of yen per HK$ (¥/HK$)?
The prices of yen are quoted in Tokyo at ¥115/$ Bid and ¥118/$ Ask. What are...
The prices of yen are quoted in Tokyo at ¥115/$ Bid and ¥118/$ Ask. What are the direct quotations of the bid and ask prices in New York? b. If the exchange rates are quoted as ¥145/€ and HK$20/€, then what is the cross exchange rate of yen per HK$ (¥/HK$)? Please show steps
The prices of yen are quoted in Tokyo at ¥115/$ Bid and ¥118/$ Ask. What are...
The prices of yen are quoted in Tokyo at ¥115/$ Bid and ¥118/$ Ask. What are the direct quotations of the bid and ask prices in New York? b. If the exchange rates are quoted as ¥145/€ and HK$20/€, then what is the cross exchange rate of yen per HK$ (¥/HK$)? Please show steps
American Terms European Terms Bank Quotations BID ASK BID ASK British pounds 1.9712 1.9717 0.5072 0.5073...
American Terms European Terms Bank Quotations BID ASK BID ASK British pounds 1.9712 1.9717 0.5072 0.5073 Euros 1.4738 1.4742 0.6783 0.6785 please check my work Using the table above, what is the bid price of euros in terms of pounds? bid price of euros in terms of pounds is 0.747751732 Using the table above, what is the ask price of euros in terms of pounds? ask price of euros in terms of pounds is 0.747678703
2. Below are bank bid and ask mates Bid rate of S0.018554/Philippine Peso Ask rate of $0.019614/Philippine Peso Bid rate of S0.031160/Taiwan New Dollar Ask rate of $0.033160/Taiwan New Dollar Bid rate of $0.008951/Japanese Yen Ask rate of $0.009251/Japanese Yen You start a trip to the Philippines with $1.500 in cash and convert that amount into Philippine Pesos (PHP). You are able to pay everything by credit card, so you convert your Philippine Pesos back into U.S. dollars when you...
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