ZuoTi.Pro
Question

The following table shows the different exchange rates for British Pound Sterling quoted on the London...

The following table shows the different exchange rates for British Pound Sterling quoted on the London market today: Currency Buy Sell United States Dollar 1.8101 1.8113 Euro 1.4366 1.4380 Japanese Yen 192.802 194.347 How much Sterling would you get today for the following transactions: (a) Receiving $100,000 (b) Paying 40,000,000 yen. (c) Paying €250,000. (d) Receiving €40,000. (e) Paying $600,000.

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

Homework Answers

Answer #1

The exchange rate of sterling Pound Quoted in different currencies given as price of Bid and ask.

Buy Sell Question Value In sterling
1 USD 1.8101 1.8113 a Receiving $100000 100000/1.8101 55245.56654
e paying $600000 600000/1.8113 331253.7956
2 Euro 1.4366 1.438 c paying E250000 250000/1.438 173852.573
d Receiving E40000 40000/1.4366 27843.51942
3 Yen 192.802 194.347 b paying Y40000000 40000000/194.347 205817.4296
0 0
Add a comment
Know the answer?
Add Answer to:
The following table shows the different exchange rates for British Pound Sterling quoted on the London...
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

  • LLULL. HILL 4. Based on the exchange rates for the trading days of 2016 and 2017...

    LLULL. HILL 4. Based on the exchange rates for the trading days of 2016 and 2017 shown in the accompanying table, did the U.S. dollar appreciate or depreciate over the year? Did the movement in the value of the U.S. dollar make American goods and services more or less attractive to foreigners? April 1, 2016 April 1, 2017 US$1.42 to buy 1 British US$1.25 to buy 1 British pound sterling pound sterling 32.26 Taiwan dollars to 30.40 Taiwan dollars to...

  • 1. Refer to the exchange rates given in the following table: January 20, 2016 FX per...

    1. Refer to the exchange rates given in the following table: January 20, 2016 FX per $ 1.4551 6.844 116.38 0.706 1.000 January 20, 2015 FX per 2.056 9.694 164.84 1.000 1.416 FX per euro FX per S 1.209 6.430 118.48 0.660 1.000 Country (Currency) Canada (dollar) 1.398 7.434 136.97 0.763 1.156 Denmark (knone) Japan (yen) United Kingdom (pound) United States (dollar) Based on the table provided, answer the following questions. A. Compute the U.S dollar-Yen exchange rate and the...

  • QUESTION 21 Assume that the yen/dollar exchange rate quoted in London at 3:00 p.m. is V115...

    QUESTION 21 Assume that the yen/dollar exchange rate quoted in London at 3:00 p.m. is V115 $1. Rinaldo finds out that the rate quoted in New York at 10:00 a.m. (3:00 p.m. London time) is V135 = $1. Rinaldo decides to buy yen in New York and sell it in London. Rinaldo is engaging in currency swapping. currency speculation carry trade. arbitrage. 1 points Save Answer QUESTION 22 Assume you are an Israeli investor, the symbol for the Israeli currency,...

  • QUESTION 24 Suppose the U.S. dollar-British pound exchange rate is quoted as USD2.00/GBP. This is a:...

    QUESTION 24 Suppose the U.S. dollar-British pound exchange rate is quoted as USD2.00/GBP. This is a: direct quotation in Great Britain. indirect quotation in United States. direct quotation in the United States. direct quotation in Great Britain and an indirect quotation in the United States,

  • QUESTION 15 Suppose the U.S. dollar-British pound exchange rate is quoted as USD2.00/GBP. This is a:...

    QUESTION 15 Suppose the U.S. dollar-British pound exchange rate is quoted as USD2.00/GBP. This is a: direct quotation in Great Britain. o indirect quotation in United States. direct quotation in the United States. O direct quotation in Great Britain and an indirect quotation in the United States.

  • Challenge Problem. Following are currency exchange “crossrates” between pairs of major currencies. Currency crossrates include both...

    Challenge Problem. Following are currency exchange “crossrates” between pairs of major currencies. Currency crossrates include both direct and indirect methods for expressing relative exchange rates. Currency crossrates include both direct and indirect methods for expressing relative exchange rates.       U.S.  U.K.  Swiss  Japanese  European               Dollar  Pound  Franc  Yen  Euro       EMU      1.1406      ?  0.6783  0.0087  ---       Japan       130.66  185.98  77.705     ---  114.60       Switzerland      1.6817  2.3936     ---  0.0129     ?      United Kingdom         ?      ---  0.4178     ?  0.6162      United States         ---  1.4231      ?  0.0077  0.8767 a.    Fill in the missing exchange rates in the crossrates table. b.    If the inflation rate is expected to be 3 percent in the European Monetary Union        (EMU) and 4 percent in...

  • The table lists foreign exchange rates for May 29, 2015. On that day, how many dollars...

    The table lists foreign exchange rates for May 29, 2015. On that day, how many dollars would be required to purchase 1,500 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Round your answers to the nearest cent. Sample Exchange Rates: Friday, May 29, 2015 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2)...

  • Today's Exchange Rates for the Bhutanese Ngultrum Closing Today's Today's Change on Point High Low Day...

    Today's Exchange Rates for the Bhutanese Ngultrum Closing Today's Today's Change on Point High Low Day Sterling 70.72 71.06 68.70 +0.42 US Dollar 43.52 45.16 43.52 -0.80 Euro 46.61 48.57 44.93 +1.68 Yen 0.40 0.43 0.38 -0.03 * Rates are number of Ngultrum per stated currency World Bank Index 68.00 43.14 44.28 0.38 41. If the exchange rates for Sterling and Euro continue to increase every day by the same amount of Ngultrums as today, in how many more days...

  • Find today's current exchange rates as of 3/25/19. Use the internet to find them and fill...

    Find today's current exchange rates as of 3/25/19. Use the internet to find them and fill them in: Currency Code USD/1 unit Units/ 1 USD Australian Dollar AUD Canadian Dollar CAD Euro EUR British Pound GBP Indian Rupee INR Japanese Yen JPY

  • The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars...

    The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars would be required to purchase 1,100 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent. Sample Exchange Rates: Friday, August 25, 2017 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect Quotation: Number of Units...

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