Chapter 11, Problem 2IEE

On April 10, the annualized six-month Aussie dollar rate in the Sydney market was 2.98％, the annualized six-month US dollar rate in the New York market was 0.32％, the spot exchange rate was $1=A$1.0689～1.0699, the six-month forward premium was 40~ 50, and a US bank borrowed 1 million US dollar to do the interest rate arbitrage. What will be the result of the transaction? please give your answer in intergers (unit: US dollars)

Based on the table below, which currencies depreciated between January and March? Name of Currency Exchange Rate JANUARY $1 = Exchange Rate MARCH $1 = Romanian Leu 4.37 4.30 South African Rand 16.14 18.18 Swedish Krona 9.15 9.10 Tunisian Dinar 2.88 2.92   a. South African Rand   b. Tunisian Dinar   c. Romanian Leu   d. Swedish Krona

make a guess on the exchange rate of Eur/Usd from November 23 30. And tell me what are the reasons and evidences based on practices..

Select all statements below that correctly describe currency spot markets: The most heavily traded currency in spot markets is the United States dollar. The spot market includes currency futures, forwards, and options. The spot market is for immediate exchange of currencies, but the value/settlement date may take up to two days. The spot market has the same trading hours as the London Stock Exchange. The spot market is centralized in New York city. The retail spot market includes large corporations, local banks, and individuals.

On July 1, 2020, Mifflin Company borrowed 200,000 euros from a foreign lender evidenced by an interest-bearing note due on July 1, 2021. The note is denominated in euros. The U.S. dollar equivalent of the note principal is as follows: LO 9-2 LO 9-2 LO 9-2 LO 9-2, 9-3 Problems 1. Which of the following combinations correctly describes the relationship between foreign currency transactions, exchange rate changes, and foreign exchange gains and losses? LO 9-1 Type of Transaction Foreign Currency Foreign Exchange Gain or Loss a. Export sale Appreciates Loss b. Import purchase Appreciates Gain c. Import purchase Depreciates Gain d. Export sale Depreciates Gain Date Amount July 1, 2020 (date borrowed). . . . . . . . . . . . . . . . . . . . . . . . . $225,000 December 31, 2020 (Mifflin’s year-end). . . . . . . . . . . . . . . . 220,000 July 1, 2021 (date repaid). . . . . . . . . . . . . . . . . . . . . . . . . . . . 210,000 In its 2021 income statement, what amount should Mifflin include as a…

Consider the strategies used by your government, in the country your currently reside and currentmanagement of the exchange rate.Now record, in your journal, your response to the following questions, in 700 words or less: How is the exchange rate policy in your own jurisdiction managed by government? What, in your opinion, are the strengths and weaknesses of your government’s policies? Identify one MNC that may, or may not, benefit from the operation of your nationalexchange rate policy and justify your position.

In April 2018, the China-US exchange rate was 6.37 C/Y.  In October, it was 6.93 C/Y. What is the percentage change for the US and China over that 6 month period?

The GBPUSD exchange rate was $1.4500 per pound on June 10, 2021.  The GBPUSD exchange rate today is $1.2500 per pound. In the past 12 months, has the value of the British pound (relative to the U.S. dollar) increased in value, decreased in value, or remained the same?