What would be effective cross-rate

Assignment Help Finance Basics
Reference no: EM132774578

Isaac Díez Peris lives in Rio de Janeiro. While attending school in Spain he meets Juan Carlos Cordero from Guatemala. Over the summer holiday Isaac decides to visit Juan Carlos in Guatemala City for a couple of weeks. Isaac's parents give him some spending money (Brazilian reais, r). Isaac wants to exchange it to Guatemlan quetzals (GTQ). He collects the following rates:
GTQ/€: 0.494
€/R: 10.396
What would be his effective cross-rate?
Answer with three decimal places in the cross rate.

Reference no: EM132774578

Questions Cloud

Construct the amortization schedule for the mortgage : b. Construct the amortization schedule for the mortgage. How much total interest is paid on this mortgage?
Discuss the computer-assisted audit techniques : Discuss the Computer-assisted Audit Techniques (CAATs) are imperative tools for auditors to conduct an audit in accordance statement explaining
Value of money formulas or the ti ba ii : Earl wants to know how much he will have available to spend on his trip to Belize in three years. If he deposits 4200 today at an interest rate of 9 percent int
Prepare any entry required as result of adopting fair value : EBL decided that it should report its financial instruments, Prepare any entry(ies) required as a result of adopting fair value; show supporting calculations.
What would be effective cross-rate : Isaac Díez Peris lives in Rio de Janeiro. While attending school in Spain he meets Juan Carlos Cordero from Guatemala. Over the summer holiday Isaac decides to
Record the redemption entry for english bay limited : English Bay Limited (EBL), an IFRS reporting company with a December 31 year end, Record the redemption entry; show supporting calculations.
How many qtc would he have to use in country : Isaac travels to Guatemala, with his money and he now wants to exchange it to Guatemlan quetzals (GTQ). He has 4,538, but the rates changed in the day he was tr
Prepare entries at the date of bond issue april : Prepare entries, with supporting calculations, at the Date of bond issue, April 1, 2020. EBL applies a separate bond discount or premium account, as required.
What is the three month forward premium : Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar (¥/$) exchange rates. What is the Three Month Forward Premium?

Reviews

Write a Review

Finance Basics Questions & Answers

  Why do banks prefer to use total return swaps

Why do banks prefer to use total return swaps in providing prime brokerage services to hedge funds, instead of the underlying assets?

  Use of dual distribution channels and multichannel systems

How does the use of dual distribution channels and multichannel systems affect the growth of a business? Please list references used.

  What kind of deal did the defensive tackle sack

If the appropriate interest rate is 11 percent, what kind of deal did the defensive tackle sack? Assume all payments other than the first $5.1 million are paid

  Influence a legislative body''s budgetary deliberations

What are the major factors that both constrain and influence a legislative body's budgetary deliberations?

  What is the companys current stock price

The company's beta is 1.65, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?

  Nikki gs corporations 10-year bonds are currently yielding

nikki gs corporations 10-year bonds are currently yielding a return of 6.85 percent. the expected inflation premium is

  Perform a sensitivity analysis on npv of the project

Perform a sensitivity analysis on NPV of the project on the following scenarios: (i) Sales increases/decreases by 10%. (ii) Cost of capital increases

  What is the current value of the stock to you

Martin's Inc. has paid an annual dividend of $2.50 a share. The dividends are expected to grow at 10% for the next five years.

  Does your answer depend on when you need the? money

Which would you? prefer, $500 in one? year? Does your answer depend on when you need the? money? Why or why? not?

  What was your holding period return on the bond

You bought a bond paying semi-annual coupons with face value of $1000 and the annual coupon rate of 9% two years ago for $ 1086.46.

  Describe the role of the financial institutions

Differentiate between money and capital markets.

  Find the payback period for the project

Rutledge, Inc. has invested $100,000 in a project that will produce cash flowsof $45,000, $37,000, and $42,950 over the next three years. Find the payback period for the project.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd