1) solve the points a and b step by step

a). Bonasia does not have an exchange market between its currency, the Bossy (By) and the dollar, but it does have an exchange rate against the Swiss Franc (FS), whose Spot rate is 1000 By/FS, with a spread of 50 By/FS. . The dollar is trading at 1.50 Swiss Francs and 3,000 Colombian pesos, with spreads of 0.10 FS/USD and 300 COP$/USD, respectively. A Bonasia businessman will travel to Colombia to do business with the company where you work, and he has asked for his advice to budget the amount of Bossys he should have for the trip.

1. Find the representative exchange rate from Pesos to Bossys (By/COP$).

2. Find the Bid and Ask exchange rates from Pesos to Bossys (By/COP$)

3. You budget expenses equivalent to 10,000 dollars for the businessman's trip, distributed as follows: 80% in pesos, 15% in dollars and 5% in Swiss Francs. How many Bossys do you recommend the businessman to budget for his trip?

Write your answer here.

b). Spot exchange rates are priced at 1.55 USD/ and 10 MEX$/USD, while 360-day forward contracts are trading at 1.575 USD/ and 10.25 MEX$/USD. Calculate the estimated devaluation of the Mexican Peso against the British Pound.