A British business has completed transactions in Switzerland and the US. They have 4 thousand Swiss francs (SFR) and 3 thousand Sdollars. Using the exchange rates below, what are their proceeds after converting to pounds? Enter your answer to the nearest whole number of pounds (no decimal) $1=0.86 SFR 1 pound $1.29
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- A U.S. bank converted $6 million to Swiss francs to make a Swiss franc loan to a valued corporate customer when the exchange rate was 1.153 francs per dollar. The borrower agreed to repay the principal plus 5.2 percent interest in one year. The borrower repaid Swiss francs at loan maturity and when the loan was repaid the exchange rate was 1.423 francs per dollar. What was the bank's dollar rate of return? (Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.165))Give typing answer with explanation and conclusion Stephanie G. has just returned from a long trip to Europe. She started the trip with $6,000 in her pocket. She spent €2,370 traveling throughout euroland, 5,390NKr in Norway, and £1394 in the U.K. The exchange rates were $1 = € .8397, 1NKr = $.1173, and £1 = $1.3878. How many dollars did she have left by the time she returned to the U.S.?today you notice the following exchange rate quotations. $1 is equal to 4.08 Argentine pesos. 1 Argentine peso = 0.44 Canadian dollars. You need to purchase 3251 Canadian dollars with U.S dollars. How many U.S dollars will you need for your purchase? (Do not round intermediate calculations and enter your answer rounded to 2 decimal places)
- Sonipto needs to purchase Pakistani currency (PAK). He takes C$7,500 to the bank and leaves the bank with NOK 49,419.23. If the exchange rate is PAK 6.9511 per C$, determine the commission rate (rounded to two decimals) charged by the bank.K Use the currency exchange rates in the table for the following question. As you leave Halifax, you convert 378 Canadian dollars to U.S. dollars. How many dollars do you receive? You receive $ in U.S. dollars. (Round to two decimal places as needed.) ... Currency British pound Canadian dollar European euro Japanese yen Mexican peso Dollars per Foreign 1.356 0.7828 1.225 0.009694 0.05035 Foreign per Dollar 0.7376 1.277 0.8165 103.2 19.86The Bank of France sells U.S. dollars ($) at a rate of ($1.40)/(€1) and buys U.S. dollars at a rate of ($1.80)/(€1). At the beginning of a trip, Sandra exchanged $420 to get €233.33. At the end of the trip, she is left with €36, so she exchanges the €36 back to U.S. dollars. How many U.S. dollars will Sandra receive in exchange?
- An Omani businessman has just completed transactions in UAE and Europe. He is now holding 4,000,000 and EUR 500, 000 and wants to convert to U.S. dollars. His currency dealer provides this quotation: EUR/USD 1.2000 - 1.2020 USDIAED 0.2722 - 0.2740 What are his proceeds from both conversion?Cher has $10,000. The following quotations are available to her for US dollars ($), Convertible Marka (KM), and Swiss Francs (SF). She may either buy or sell at the stated rates: U.S. Bank:$2.13/SF Bosnia Bank:$4.87/KM Swiss Bank:SF2.38/KM What is Cher’s arbitrage profit assuming a triangle arbitrage is possible? (Round answer to nearest whole number.)1. Emily found US$100 in his attic and sold it to a bank that charged him a commission of 0.60%. How much did he receive from the bank? Assume that the exchange rate was C$1 = US$0.77. 2. A bank in Toronto charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3533. a. How many Canadian dollars will you have to pay to purchase US$1,405? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? 3. Skis are listed by a manufacturer for $850, less trade discounts of 30% and 18%. What further rate of discount should be given to bring the net price to $443?
- Flynn Corporation purchased bicycles from a British manufacturer at a price of 45,000 British pounds on November 15, Year 1with payment due in 60 daysUsing the following exchange rateswhat gain or loss from currency fluctuations should be recognized in Year 1 and Year 2 respectively? Nov. 15, Year 1 1.70 per British pound Dec. 31, Year 1 1.75 per British pound Jan. 15, Year 2 $1.73 per British poundGood day, How should I resolve this question, please? Your friend from Australia purchased a computer for C$3,900 while visiting you for the holidays, when the exchange rate was C$1 = A$1.0227. If the exchange rate changed to C$1 = A$1.0426, what was the change in value of the computer in Australian dollars?An investor has $2m to invest and has the option of placing it in a US bank account paying 2% annually, or in a German bank, where the annual rate of interest is only 2.5%. If the current exchange rate for the Euro is given as $1.4250, at what 1-year Dollar-Euro forward rate of exchange would the investor get the same return from investing in the US as he/she would by investing in Germany? Please show your work.
