ZuoTi.Pro
Question

Based on the table for the rates published in the US below, find the €/£ cross...

Based on the table for the rates published in the US below, find the €/£ cross bid and ask rates and fill in the table. You need to show the steps how you get your answers. (Numbers should be rounded to 4 decimal places. Please note that your answers will be worthy zero mark if they do not include currency symbols $, £ and €)                                                             

USD Bank Quotations

       Direct

American Terms

     Indirect

European Terms

Bid

Ask

Bid

Ask

Between £ and $

1.5924

1.5929

.6278

.6280

Between € and $

1.3509

1.3514

.7400

.7402

Between £ and €          1.1784    1.1791        0.8481      0.8486

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer Quote between and $ 1.5924/ 1.00 x 0.71808/1.00 - 1.178 Cross ask RateSell for and $, buy £ Ex1 $1.00/ 0.7402x1.00/$1.5929 0.8481 Reciprocal of 0.8481 is the ask rate where 1/E 0.8481 1.1791/£

0 0
Add a comment
Know the answer?
Add Answer to:
Based on the table for the rates published in the US below, find the €/£ cross...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • You are the CFO of a US manufacturer that exports to Thailand. You have received spot...

    You are the CFO of a US manufacturer that exports to Thailand. You have received spot rate quotations from two banks in Thailand, Minzu Bank and Sobat Bank, both located in Bangkok. The bid and ask prices of Thai baht for each bank are displayed in the table below: Minzu Bank (THB/$) Bid $0.0224 Ask $0.0227 Sobat Bank (THB/$) Bid $.0.0228 Ask $0.0229 a). Are these direct quotes or indirect quotes for the US manufacturer? Are they quoted in European...

  • You are the CFO of a US manufacturer that exports to Thailand. You have received spot...

    You are the CFO of a US manufacturer that exports to Thailand. You have received spot rate quotations from two banks in Thailand, Minzu Bank and Sobat Bank, both located in Bangkok. The bid and ask prices of Thai baht for each bank are displayed in the table below: Minzu Bank (THB/$)         Sobat Bank (THB/$) Bid $0.0224                          $0.0228 Ask $0.0227                         $0.0229 a) Are these direct quotes or indirect quotes for the US manufacturer? Are they quoted in European or American terms? b) Determine...

  • how do i do 5. Cross rates Please refer to Table 2 in the datafile. Does...

    how do i do 5. Cross rates Please refer to Table 2 in the datafile. Does the quoted rate differ from the cross rate for any of the following currency pairs? (Note: you should use mid rates for this question) a) none of them b) GBP/JPY c) EUR/JPY GBP/EUR d) F KU 60 00 in 0 fx E G HI C D B A Forward (3 months) Spot mid bid ask mid 1,1052 1,0543 EUR/USD 1,0532 1,0554 1,0822 GBP/USD 1,1689...

  • Canadian Dollar: Spot and Forward (C$/$) Euro: Spot and forward ($/€) Mid rates Bid Ask Mid...

    Canadian Dollar: Spot and Forward (C$/$) Euro: Spot and forward ($/€) Mid rates Bid Ask Mid rates Bid Ask spot 1.2645 1.2639 1.2651 1.2390 1.2387 1.2393 Forward 3-week 23 27 19 15 3-month 135 128 155 146 7a. How much $100 will cost you in Canadian Dollar and Euro? (Hint: you are buying USD). 7b. What are 3-week and 3-month forward bid and ask rate for Canadian Dollar and Euro? 7c. Based on information above, what are the profit margin...

  • The table below shows the nominal exchange rates (as of 25 February 2020) between the Swedish...

    The table below shows the nominal exchange rates (as of 25 February 2020) between the Swedish krona (SEK) and the US dollar (USD) and the British pound (GBP), respectively. Foreign currency USD GBP SEK per foreign currency 10.45 13.46 a) Express the nominal exchange rates for SEK as foreign currency per SEK? (2p) b) What is the nominal exchange rate between USD and GBP, expressed as USD per GBP? (2p) c) Suppose that a representative basket of goods and services...

  • Subject 3: Exchange Rates and International Finance (30%) The sales manager of a US company trades...

    Subject 3: Exchange Rates and International Finance (30%) The sales manager of a US company trades iPhones in three different markets, Europe (Eurozone), UK and the USA, has just received a total amount of $1million from the selling of 1,000 iPhones (each iPhone costs $1,000). He has a week available until the payment of firm's suppliers and employees' salaries. The current exchange rates between the currencies of the three markets (USD $, euro € and GBP £), are: Eėjs =...

  • Consider the data in the table below: Nominal Exchange Rates for the U.S. Dollar Country Foreign...

    Consider the data in the table below: Nominal Exchange Rates for the U.S. Dollar Country Foreign currency/U.S. dollar U.S. dollars/foreign currency United Kingdom (pound) 0.641 1.559 Canada (Canadian dollar) 1.008 0.992 Mexico (peso) 12.39 0.081 Japan (yen) 83.338 0.012 European Union (euro) 0.756 1.322 a. Calculate the nominal exchange rate between the Mexican peso and the Japanese yen. Express in two ways. Instructions: Enter your responses rounded to three decimal places. One peso = ___ yen One yen = ___...

  • Part 1 One-choice questions (4' for each 1. Please choose the quotation which is direct A...

    Part 1 One-choice questions (4' for each 1. Please choose the quotation which is direct A in Germany USD = EUR1.4567 In US USD 1 - AUD1.1625 $14' for each question) on which is direct quotation Bin UK GBPUSD1.6752 Din France EURI USD 1.1752 expect to receive 50 pounds sterling at the end of 60 days. You can remove 2. Assume you are an American exporter and en e risk of loss due to a devaluation of the pound stering...

  • 9. Using the following data given in the Table below, answer these questions: Type US Treasury...

    9. Using the following data given in the Table below, answer these questions: Type US Treasury Note US Treasury Note US Treasury Note US Treasury Note US Treasury Bond US Treasury Bond Coupon 7.25% 10.75% 5.75% 5.00% 8.75% 6.13% Maturity 2 year 3 year 8 year 9 year 18 year 27 year Bid 110:00 123:12 112:00 106:24 143:26 114:11 Ask 110:01 123:13 112:01 106:25 143:27 114:12 Yield (Ask) 2.07% 2.55% 3.97% 4.09% 5.02% 5.13% US Treasury Strip US Treasury Strip...

  • studie se) IL 3 Quiz 1 Name (in Chinese) estions (4' for each question) Part 1...

    studie se) IL 3 Quiz 1 Name (in Chinese) estions (4' for each question) Part 1 One-choice questions (4' for each que * Please choose the quotation which is direct quota A in Germany USDI - FUR1.4567 USD 1 - AUD 1. 1625 BUK GBPUSD16752 In France EURI-USD 1.1752 ounds sterline at the end of 60 days. You can remove and expect to rece S 2. Assume you are an American exporterar the risk of loss due to a devaluation...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT