答案和详解如下： Q11. The Japanese yen is trading at 115.2200 ¥/$ and the Danish krone (DKK) is trading at 16.4989 ¥/DKK. The $/DKK exchange rate is: A) 6.9835 $/DKK. B) 0.5260 $/DKK. C) 0.1432 $/DKK. Correct answer is C) The cross rate between $ and DKK is calculated in the following manner: $/¥ × ¥/DKK = (1 / 115.2200) × 16.4989 = 0.1432 $/DKK (the Yen cancels out) Q12. A Mexican dealer gives a quote of 8.00 bid / 8.10 ask (MXN/USD) and a London dealer quotes the U.S. dollar at 2.00 bid / 2.1 ask (GBP/USD). What is the MXN/GBP bid and ask from the perspective of a Mexican dealer? A) 3.81 − 3.86. B) 4.00 − 4.05. C) 3.81 − 4.05. Correct answer is C) This result is determined as follows: Step 1: Invert GBP quote. First, we need to invert the GBP quotes to make the currency units USD/GBP. Then, when we multiply by the MXN/USD quote we will have the correct MXN/GBP units. (Remember that when you take the reciprocal of a quote, the bid becomes the ask and vice versa. So, for the bid we take the given ask) Bid: 1.00000 / 2.10000GBP/USD = 0.47619USD/GBP
Ask: 1.00000 / 2.00000GBP/USD = 0.50000USD/GBP
Step 2: Calculate MXN/GBP bid-ask Prices. Bid: 8.00000MXN/USD × 0.47619USD/GBP = 3.80952MXN/GBP, or 3.81MXN/GBP. Ask: 8.10000MXN/USD × 0.50000USD/GBP = 4.05000MXN/GBP, or 4.05MXN/GBP. Thus, the MXN/GBP bid-ask is: 3.81MXN/GBP - 4.05MXN/GBP. | 
发表于 2009-1-13 11:37
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