Complete the shaded cells for bank

Assignment Help Financial Management

Reference no: EM132003969

You are given a partial table of cross rates for Bank A (next page) that does not charge a bid-ask spread and a full table for Bank B. Bank B charges a bid-ask spread.

Complete the shaded cells for Bank A, assuming that triangular arbitrage is impossible as long as the USD is the second currency. (I.e. XXXUSD*USDYYY*YYYXXX = 1). ANSWER SHOULD BE REPORTED TO FOUR DECIMAL PLACES, e.g. 1.2345.

What is the best (direct) way to buy a single AUD with a EUR? Which bank do you use and how much does one AUD cost? How much does choosing the right bank save you? ANSWER SHOULD BE REPORTED TO FOUR DECIMAL PLACES, e.g. 1.2345.

Reference no: EM132003969

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