What is exchange rate of polish zloty to the british pound

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Reference no: EM132041828

1. Suppose a Polish zloty is selling for $.3402 and a British pound is selling for $1.4953.

What is the exchange rate (cross rate) of the Polish zloty to the British pound? That is, how many Polish zlotys are equal to a British pound? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

2. An investor in the United States bought a one-year Brazilian security valued at 360,000 Brazilian reals (R$). The U.S. dollar equivalent was $310,000. The Brazilian security earned 14 percent during the year, but the Brazilian real depreciated 5 cents against the U.S. dollar during the time period ($.86 to $.81).

After transferring the funds back to the United States, what was the investor’s return on her $310,000? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Reference no: EM132041828

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