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tT
发表于 2010-4-13 15:38 | 只看该作者

Reading 18: Currency Exchange Rates-LOS c习题精选

div, interpret, class, involving, currency
Session 4: Economics: Economics for Valuation
Reading 18: Currency Exchange Rates

LOS c: Calculate and interpret currency cross rates, given two spot exchange quotations involving three currencies.

 

 

 

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)

1.5032.

C)

1.7568.

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annyyu

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26#
发表于 2011-1-7 02:59 | 只看该作者
re

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luqian55

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25#
发表于 2010-5-31 00:30 | 只看该作者
thanks

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土豆妮

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24#
发表于 2010-4-13 15:45 | 只看该作者

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)
 0.1432 $/DKK.
C)
 0.5260 $/DKK.

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土豆妮

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23#
发表于 2010-4-13 15:45 | 只看该作者

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)
 0.1432 $/DKK.
C)
 0.5260 $/DKK.


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)

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土豆妮

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22#
发表于 2010-4-13 15:45 | 只看该作者

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 ? 4.05.
B)
 3.81 ? 3.86.
C)
 4.00 ? 4.05.

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土豆妮

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21#
发表于 2010-4-13 15:45 | 只看该作者

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 ? 4.05.
B)
 3.81 ? 3.86.
C)
 4.00 ? 4.05.


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.

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土豆妮

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20#
发表于 2010-4-13 15:44 | 只看该作者

Given the following bid-ask spreads, calculate the SF/DKK bid ask spread:  

  • SF/$ bid-ask 1.3096 ? 1.4528  
  • DKK/$ bid-ask 2.4365 ? 2.5843

A)

1.6771 ? 1.9733.

B)

0.53749 ? 0.56216.

C)

0.50675 ? 0.59627.



Set up a bid-ask matrix using:

SF/$ bid-ask 1.3096 ? 1.4528

DKK/$ bid-ask 2.4365 ? 2.5843

(1.3096 SF/$) / (2.5843 DKK/$) = 0.50675 SF/DKK

(1.4528 SF/$) / (2.4365 DKK/$) = 0.59627 SF/DKK

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土豆妮

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19#
发表于 2010-4-13 15:44 | 只看该作者

If the CAD is trading at 0.6403 USD/CAD and the GBP is trading 2.5207 CAD/GBP, the USD/GBP exchange rate is:

A)
 0.6196 USD/GBP
B)
 1.6140 USD/GBP.
C)
 3.9367 USD/GBP.

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土豆妮

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18#
发表于 2010-4-13 15:44 | 只看该作者

If the CAD is trading at 0.6403 USD/CAD and the GBP is trading 2.5207 CAD/GBP, the USD/GBP exchange rate is:

A)
 0.6196 USD/GBP
B)
 1.6140 USD/GBP.
C)
 3.9367 USD/GBP.


(0.643USD/CAD) × (2.5207CAD/GBP) = 1.6140 USD/GBP.

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