Question: (1) Use the attached Exchange Rate Table to answer the following questions. You may use either American Term (Direct Quotation), European Term (Indirect Quotation) or

(1) Use the attached Exchange Rate Table to answer the following questions. You may use either American Term (Direct Quotation), European Term (Indirect Quotation) or mixing the terms. (a) S(USD/AUD)=? (b) S(CAD/HKD)=? (c) S(CHF/KRW)=? (d) How much is MXN 350 million in USD? (e) How much is CAD 5.5 million in USD?

(2) The Singapore dollarU.S. dollar spot exchange rate is S(SGD/USD)=1.60, the Canadian dollarU.S. dollar spot rate is (CAD/USD)=1.33 and the Singapore dollar-Canadian dollar spot rate is S(SGD/CAD)=1.15. Determine the triangular arbitrage profit that is possible if you have $1,000,000.

(3) Suppose you have the following exchange rates between Korean won and US dollar over a 2-day period: Yesterday: S(Won/USD)=1,200 Today: S(Won/USD)=1,080 Answe the following questions:

Question 1: Which currency appreciated/depreciated?

Question 2: How much in percentage did the price of Korean Won appreciated (or depreciated) over this 2-day period?

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