8. You have $1,000 for spending money for a trip to India (whose currency is the...

 

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8. You have $1,000 for spending money for a trip to India (whose currency is the rupee, INR). You go to the bank and see the following quotes: INR 70.0/S-INR 75.0/S You exchange your $1,000 for Indian rupees. How many rupees do you have to spend? 9. You have finished your trip and you have INR 5,000 remaining. Assuming rates remain unchanged, how many dollars will you retum home with? 10. You have $2,000 for spending money for a trip to England. You go to the bank and see the following quotes: GBPUSD 1.20-1.22 You exchange your $2,000 for British pounds. How many pounds do you have to spend? 11. You have finished your trip and you have £300 remaining. Assuming rates remain unchanged, how many dollars will you return home with? 12. You are given the following spot exchange rates in American terms: EURUSD 1.08-1.10 What are the equivalent bid/ask exchange rates, given in European terms? Bid= Ask = 13. On January 1, 1975, the Mexican peso/U.S.S exchange rate was Ps 12.5 $1. By 1985, the exchange rate stood at Ps 208.9= $1. a. By how much did the Mexican peso appreciated or depreciated against the dollar over this 10-year period? b. By how much did the dollar appreciated or depreciated against the peso over this period? 14. Suppose the dollar appreciates by 500% against the Russian ruble. How much has the ruble depreciated against the dollar? 8. You have $1,000 for spending money for a trip to India (whose currency is the rupee, INR). You go to the bank and see the following quotes: INR 70.0/S-INR 75.0/S You exchange your $1,000 for Indian rupees. How many rupees do you have to spend? 9. You have finished your trip and you have INR 5,000 remaining. Assuming rates remain unchanged, how many dollars will you retum home with? 10. You have $2,000 for spending money for a trip to England. You go to the bank and see the following quotes: GBPUSD 1.20-1.22 You exchange your $2,000 for British pounds. How many pounds do you have to spend? 11. You have finished your trip and you have £300 remaining. Assuming rates remain unchanged, how many dollars will you return home with? 12. You are given the following spot exchange rates in American terms: EURUSD 1.08-1.10 What are the equivalent bid/ask exchange rates, given in European terms? Bid= Ask = 13. On January 1, 1975, the Mexican peso/U.S.S exchange rate was Ps 12.5 $1. By 1985, the exchange rate stood at Ps 208.9= $1. a. By how much did the Mexican peso appreciated or depreciated against the dollar over this 10-year period? b. By how much did the dollar appreciated or depreciated against the peso over this period? 14. Suppose the dollar appreciates by 500% against the Russian ruble. How much has the ruble depreciated against the dollar?

Answer rating: 100% (QA)

8 You are selling so the bank will buy the dollar at the Bid price the lower price You get 1000 ... View the full answer