Exercise 3: Exchange Rates USDCNY 6.76 EURUSD = $1.30 GBPUSD=$1.57 USDMXN = 12.7 USDJPY = 85.18...

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Exercise 3: Exchange Rates USDCNY 6.76 EURUSD = $1.30 GBPUSD=$1.57 USDMXN = 12.7 USDJPY = 85.18 CADUSD=$0.96 1.How many yuan could Bank X get for 100,000 USD? 2.How many USD could Bank X get for 1,000,000 peso? 3.How many USD could Bank X get for 500,000 yen? ****** 4.How many euros could Bank X get for 50,000 USD? 5.How many USD could bank X get for 10,000 Canadian dollars? 6. Suppose the euro exchange rate decreases from $1.25 to $1.22. What was the appreciation of the euro and USD? 7. Suppose the Norwegian krone went from Kr5.50 per euro to Kr6.5. What was the appreciation of the krone? What was the appreciation of the euro? 8. Suppose the pound went from £1.5 to £1.7 per euro. What was the appreciation of the pound? What was the appreciation of the euro? 9. Suppose your investment in BP stock fell from £80 to £20. During the same time the pound rose from $1.5 to $1.8. What was the USD % return in your investment? What was your pound % return? Exercise 3: Exchange Rates USDCNY 6.76 EURUSD = $1.30 GBPUSD=$1.57 USDMXN = 12.7 USDJPY = 85.18 CADUSD=$0.96 1.How many yuan could Bank X get for 100,000 USD? 2.How many USD could Bank X get for 1,000,000 peso? 3.How many USD could Bank X get for 500,000 yen? ****** 4.How many euros could Bank X get for 50,000 USD? 5.How many USD could bank X get for 10,000 Canadian dollars? 6. Suppose the euro exchange rate decreases from $1.25 to $1.22. What was the appreciation of the euro and USD? 7. Suppose the Norwegian krone went from Kr5.50 per euro to Kr6.5. What was the appreciation of the krone? What was the appreciation of the euro? 8. Suppose the pound went from £1.5 to £1.7 per euro. What was the appreciation of the pound? What was the appreciation of the euro? 9. Suppose your investment in BP stock fell from £80 to £20. During the same time the pound rose from $1.5 to $1.8. What was the USD % return in your investment? What was your pound % return?

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To answer these questions well need to use the given exchange rates and perform calculations accordingly 1 How many yuan could Bank X get for 100000 U... View the full answer