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If you're the treasurer of a Japanese firm and you need to buy $5,000,000 and a banker gives you a market quotation of 134.15 /

If you're the treasurer of a Japanese firm and you need to buy $5,000,000 and a banker gives you a market quotation of 134.15 / 134.20 for USDJPY.



How much yen would you need in order to buy the $5,000,000?

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If the market quotation for USDJPY is 1341513420 it means that one US dollar can be exchanged for 13... blur-text-image

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