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    MKI - Assignment 3 - Jumat

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    Wanabakti Satria
    The document discusses foreign exchange rates and bid-ask spreads for several currencies. It provides the bid and ask rates for the Australian dollar and Peruvian new sol and asks the reader to calculate the bid-ask percentage spreads. It also lists the bid and ask rates for the British pound and Japanese yen and asks the reader to determine the bid-ask spreads. Finally, it gives the direct quotation currency exchange rates at the start and end of the semester for several currencies and asks the reader to determine the indirect quotation rates.

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    MKI - Assignment 3 - Jumat

    Uploaded by

    Wanabakti Satria
    33 views1 page
    The document discusses foreign exchange rates and bid-ask spreads for several currencies. It provides the bid and ask rates for the Australian dollar and Peruvian new sol and asks the reader to calculate the bid-ask percentage spreads. It also lists the bid and ask rates for the British pound and Japanese yen and asks the reader to determine the bid-ask spreads. Finally, it gives the direct quotation currency exchange rates at the start and end of the semester for several currencies and asks the reader to determine the indirect quotation rates.

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    MKI_Assignment 3_Jumat

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    The document discusses foreign exchange rates and bid-ask spreads for several currencies. It provides the bid and ask rates for the Australian dollar and Peruvian new sol and asks the reader to calculate the bid-ask percentage spreads. It also lists the bid and ask rates for the British pound and Japanese yen and asks the reader to determine the bid-ask spreads. Finally, it gives the direct quotation currency exchange rates at the start and end of the semester for several currencies and asks the reader to determine the indirect quotation rates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views1 page

    MKI - Assignment 3 - Jumat

    Uploaded by

    Wanabakti Satria
    The document discusses foreign exchange rates and bid-ask spreads for several currencies. It provides the bid and ask rates for the Australian dollar and Peruvian new sol and asks the reader to calculate the bid-ask percentage spreads. It also lists the bid and ask rates for the British pound and Japanese yen and asks the reader to determine the bid-ask spreads. Finally, it gives the direct quotation currency exchange rates at the start and end of the semester for several currencies and asks the reader to determine the indirect quotation rates.

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    © All Rights Reserved
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    of 1

    ASSIGMENT_3

    Subject : FOREIGN EXCHANGE MARKET


    Lecturer : ERNA GARNIA
    Date : Friday / 22 October 2021

    ==================================================================

    1. Stetson Bank quotes a bid rate of $ 0.784 for the Australian dollar and an ask rate of $
    0.80. What is the bid/ask percentage spread?

    2. Fullerton Bank quotes an ask rate of $ 0.190 for the Peruvian currency (new sol) and a
    bid rate of $ 0.188. Determine the bid/ask percentage spread?

    3. What is the bid-ask percentage spread of these currencies?


    Currency Bid rate Ask rate Bid/ask spread
    British pound $1.52 $1.60 ?
    Japanese yen ¥0.0070 ¥0.0074 ?

    4. Determine indirect quotation (dollar per unit) at semester’s end for those currencies
    CURRENCY DIRECT INDIRECT DIRECT INDIRECT
    QUOTATION QUOTATION QUOTATION QUOTATION
    (dollars per unit) (dollars per unit) (dollars per unit) (dollars per unit)
    AT SEMESTER’S AT SEMESTER’S AT SEMESTER’S AT SEMESTER’S
    START START END END
    Canadian dollar $ 0.66 1.51 $ 0.70 ?
    Euro $ 1.031 0.97 $ 1.064 ?
    Japanese yen $ 0.009 111.11 $ 0.0097 ?
    Mexican peso $ 0.12 8.33 $ 0.11 ?
    Swiss franc $ 0.62 1.61 $ 0.67 ?
    U.K. pound $ 1.50 0.67 $ 1.60 ?

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