Reading 18: Currency Exchange Rates - LOS c ～ Q1-5 exchange, class, white, black

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Q1. Given an exchange rate of 0.9250 USD/CAD and 1.6250 USD/SF what is exchange rate quoted in CAD/SF?

A)     0.5692.

B)     1.7568.

C)     1.5032.

Q2. Given P the direct quotes in U.S. dollars for the Mexican peso (MXN) and the Peruvian nuevo sol (PEN), determine the MXN/PEN bid-ask cross rates. Select the closest correct answer.

USD/MXN Bid/Ask: 0.11001 - 0.11036

USD/PEN Bid/Ask: 0.28818 - 0.28918

A)   MXN/PEN 2.62890 - 2.64630

B)   MXN/PEN 2.61127 - 2.62867

C)   MXN/PEN 0.38300 - 0.38554

Q3. Given the following quotes: 2.00 GBP/USD and 8.00 Pesos/USD, calculate the direct Pesos/GBP spot cross exchange rate.

A)   0.625.

B)   4.000.

C)   0.250.

Q4. A bank in Canada is quoting CAD/USD bid 1.4950 − ask 1.5005, and USD/EUR bid 0.9350 − ask 0.9400. What is exchange rate bid and ask for CAD/EUR?

A)    CAD/EUR bid 1.3978 − ask 1.4105.

B)    CAD/EUR bid 1.5904 − ask 1.6048.

C)    CAD/EUR bid 0.6254 − ask 0.6264.

Q5. Given the following quotes for the Canadian dollar (CAD) and the British pound (BP), determine the CAD/BP bid-ask spread. (Note: Carry calculations to at least five decimal places)

CAD/$ Bid Ask 1.59031 − 1.59701 / CAD/$
BP/$ Bid Ask 0.69459 − 0.69686 / BP/$

A)   2.29921 − 2.31631 CAD/BP.

B)   2.28957 − 3.28863 CAD/BP.

C)   2.28211 − 2.29921 CAD/BP.

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