Current competitive markets exchange rates

Assignment Help Financial Management

Reference no: EM132015069

You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.4 million Czech koruna today in exchange for a year’s supply of frozen shrimp. Your Thai supplier will provide you with the same supply for 2.9 million Thai baht today. Current competitive markets exchange rates are 20.38 koruna per dollar and 40.17 baht per dollar,

a. The Czech buyer’s offer is $____ ?(Round to the nearest cent.)

b. If the current competitive markets exchange rates are 20.38 koruna per dollar and 40.17 baht per dollar, what is the value of this deal?

Reference no: EM132015069

Questions Cloud

What is the true hourly cost : Assuming 176 hours per month and an 8 hour day, what is the true hourly cost of this trainee to the company.

Conduct an internet search to broaden your understanding : The textbook highlights four distinct styles of parenting: authoritarian, authoritative, permissive, and uninvolved. Conduct an Internet search to broaden.

How is the integration of faith and academics : How is the integration of faith and academics accomplished regarding theology and economics?

Analyzing an increase in second-period income : Use Fisher's model of consumption to analyze an increase in second-period income. Compare the case in which the consumer faces a binding borrowing

Current competitive markets exchange rates : Current competitive markets exchange rates are 20.38 koruna per dollar and 40.17 baht per dollar,

How could the central bank achieve this goal in short run : How could the central bank achieve this goal in the short run? What would happen in the long run? Illustrate with a diagram.

Explain ethical and cultural strategies : Write a summary of approximately 200 to 300 words in which you analyze and explain ethical and cultural strategies for promoting resilience.

Loan is to be amortized at end of term : How much should each payment be if the loan is to be amortized at the end of the term?

Management or organization of world bank group : Please explain to me the structure organization of the world bank group "Management or Organization of World Bank group"

User Account

All Pages