Please note that an exchange rate was not provided, therefore you must google the exchange rate.
(i) Current Peso/$ Spot Rate = 44.71 Peso/$ (Source: Google Finance)
Souvenir Value in Peso = 150
Souvenir Value in $ = 150 / 44.71 = $ 3.355
(ii) Current EUR/$ Spot Rate = 0.89 / $ (Source: Google Finance)
Equivalent EURO value of $ 1100 = 1100 x 0.89 = $ 979
(iii) Current EUR/$ Spot Rate = 0.89 / $ and Current Dinar/$ Spot Rate = 0.3 Dinar / $ (Source: Google Finance)
As more EUR can be bought for 1 $ as compared to Kuwaiti Dinar, the former is more valuable as compared to the latter.
(iv) Current Trinidad Tobago $ / USD = 6.77 / $ (Source: Google Finance)
(v) Swiss Franc Payable = 1500000 Sf and Current Sf/$ Spot Rate = 0.99 Sf/$ (Source: Google Finance)
$ Value of Payable = 1500000 / 0.99 = $ 1515151.515
On your way back from Argentina to the U.S., you buy a souvenir for your friend. You pay 150 Argentine Pesos for it. Ho...
23) Country Switzerland (Franc) CHF Euro € USD equivalent BID ASK 0.7648 0.7652 1.4000 1.4200 What is the ASK cross-exchange rate for Swiss Francs priced in euro? Hint: Find the price that a currency dealer will take in euro to sell Swiss francs. A) €0.5386/CHF B) €0.5466/CHF €0.5389/CHF D) €0.5463/CHF 24) 24) Suppose a bank customer with €1,000,000 wishes to trade out of euro and into Japanese yen. The dollar-curo exchange rate is quoted as $1.70 - €1.00 and the...
If the Argentine peso was devalued by 15%, how would it affect
your contribution in the home currency, or U.S. dollars? How much
more sales revenue would be needed in Argentina to maintain your
current contribution?
International Marketing Incident A: Argentina Currency Devaluation A long simmering conflict between Argentina and the United Kingdom over sovereignty of the Falkland Islands has begun to escalate. The UK has announced its intention to begin oil exploration on the island. The Argentine government has...
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. Polish Zloty Euro Mexican Peso Swiss Franc Chilean Peso New Zealand Dollar Singapore Dollar 2978 1.2198 0752 1.0173 .002071 .8087 3.3576 .8198 13.2988 .9830 482.80 1.2366 8010 1.2484 If you have $180, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much...
15 Suppose that the current exchange rate is €1.00 - $1.60. The indirect quote from the US. perspective is A) €0.6250 - $1.00 3) €1.50 - $1.00 €1.00 - $1.60 Dy none of the options 19) The bid price A) is the price that a dealer stands ready to pay B) is the price that a dealer stands ready to sell at. is the price that the dealer has just paid for something, his historical cost of the most recent...
Please help with the calculations
Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. Polish Zloty Euro Mexican Peso Swiss Franc Chilean Peso New Zealand Dollar Singapore Dollar 2991 1.2410 0752 1.0320 .002071 .8082 3.3436 .8058 13.2995 .9690 482.80 1.2373 .8006 1.2491 a. If you have $150, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal...
Use Figure 21.1 to answer the following questions: a. If you have $100, you can get euros. (Do not include the euro sign, €. Round your answer to 2 decimal places, e.g., 32.16.) b. One euro is worth (Round your answer to 4 decimal places, e.g., 32.1616.) c. If you have 5 million euros, you have (Enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.) d. The Singapore dollar is worth...
The following are quotes from a currency dealer in the New York
currency market
Using the quotes provided above, answer the following question.
(Phrase your explanation in parts b and d: as “If you sell one
(specify the currency) to the dealer, you will receive
(specify the number of units and the currency)” or “If you
buy one (specify the currency) from the dealer, you will
pay (specify the number of units and the currency)”.)
1. Using the quotes provided...
Assume that you buy a 1-year, 220,000-peso Philippine bond that pays 9 percent when the exchange rate is 1 Canadian dollar for 44 pesos. If, after one year, the peso falls to 1 Canadian dollar equals 48 pesos, how much have you gained or lost in Canadian dollars? Round your answer to the nearest dollar amount. loss 7$
2. Research Internet sources of your choice and fill the blanks in the following statements A. On April 19, 2018, one U.S. dollar could buy Mexican peso(s) Rewrite this statement in the notation adopted in international finance Today, one U.S. dollar can buy Mexican peso(s). This means that over the course of the year, the Mexican peso has preciated against the U.S. S How, in your opinion, did this event affect Mexican farmers appetite for U.S.-made John Deere tractors? How...
You are the CFO of a manufacturing company in the United States. Your company expects to receive €20 million Euro from a European customer in six months. At the same time, your company expects to pay €10 million Euro to a European supplier. The current exchange rate between US dollar and Euro is 1.13 USD/EUR. However, you are afraid that the Euro exchange rate may fluctuate and cause losses. You may use the Euro currency forward contract to hedge the...