Reference no: EM132486075
Problem 1: Your friend from France is planning to visit you in the United States. You estimate the cost of her trip at $8,016. What is the cost to her in Euros if 1 Euro = $1.286?
Hint: Convert USD into EUR.
Problem 2: Given
USD/Brazilian Real = 3.198
USD/Australian Dollar = 1.001
USD/Chinese Yuan = 8.068
What is the Australian Dollar/Chinese Yuan cross rate?
Problem 3: Suppose the exchange rate for the Swiss Franc is quoted as SF 1.10 in the spot market and SF 0.97 in the 90-day forward market. Is the dollar selling at a premium or a discount relative to the franc?
Problem 4: Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.2146 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9432 euros. What is the cross-rate of euros to Swiss francs (Euro/SF)? rounded off to FOUR decimal points.
Problem 5: Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.1716 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.149 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? rounded off to FOUR decimal points
Problem 6: You can exchange $1 for either C$1.3129 or ¥119.15. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.