Question: On January 9 , 2 0 2 3 , you convert 7 0 0 , 0 0 0 U . S . dollars to Japanese
On January you convert US dollars to Japanese yen in the spot foreign exchange market and purchase a sixmonth forward contract to convert yen into dollars. How much will you receive in US dollars at the end of six months? Use the data in Table for this problem. Note: Round your answer to decimal places. eg
Exchange Rates: New York Closing Snapshot Monday, January USdollar foreignexchange rates in late New York trading CountryCurrency In US$ Per US$
Friday Thursday Friday Thursday
Americas
Argentina peso Brazil realCanada dollarmonth forwardmonth forwardmonth forwardChile pesoColombia pesoEcuador US dollarMexico pesoUruguay pesoAsiaPacificAustralian dollarChina yuanHong Kong dollarIndia rupeeIndonesia rupiahJapan yenmonth forwardmonth forwardmonth forwardKazakhstan tengeMacau patacaMalaysia ringgitNew Zealand dollarPakistan rupeePhilippines pesoSingapore dollarSouth Korea wonSri Lanka rupeeTaiwan dollarThailand bahtVietnam dongEuropeBulgaria levCzech Rep. korunaDenmark kroneEuro area euromonth forwardmonth forwardmonth forwardHungary forintIceland kronaNorway kronePoland zlotyRomania leuRussia rubleSweden kronaSwitzerland francmonth forwardmonth forwardmonth forwardTurkey liraUkraine hryvniaUK poundmonth forwardmonth forwardmonth forwardMiddle EastAfricaBahrain dinarEgypt poundIsrael shekelKuwait dinarOman sul rialQatar rialSaudi Arabia riyalSouth Africa rand
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