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What is the gbp-nzd rate

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Reference no: EM132615774

1. You are a dealer and are long of USD 4 million against CHF at 1.6612. You want to close this position because you expect the dollar to weaken.

You therefore ask another bank for a USD/CHF price and are quoted 1.6610/15. You decide that you will deal on this price.

You need to sell US dollars

2. You undertake three spot deals in USD/CHF as follows.

Sell USD 4 million at 1.6723

Buy USD 1 million at 1.6732

Buy USD 5 million at 1.6729

The market closes at 1.6730.

What is your position? What is the average rate of this position?

What is your net profit or loss?

3. The AUD/CAD rate is 0.7954/0.7959. What is the CAD/AUD rate?

4. Given the following rates, what is the CAD/CHF rate?

USD/CHF 1.6348/53

USD/CAD 1.5497/02

5. Given the following rates, what is the GBP/NZD rate?

GBP/USD 1.4320/25

NZD/USD 0.4460/65

Reference no: EM132615774

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