Question: please solve completely with full answer explanation acurately thanks Foreign Exchange Market 1. The SGD/NOK exchange rate is quoted as 2.9584. Does this exchange rate

please solve completely with full answer explanation acurately thanks

Foreign Exchange Market 1. The SGD/NOK exchange rate is quoted as 2.9584. Does this exchange rate express the number of Norwegian kroner equal to 1 Singapore dollar, or the number of Singapore dollars equal to one Norwegian krone? 2. You wish to sell US dollars against sterling and are given the following quotes from two banks. At what price will you deal? a. 1.4356/61 b. 1.4358/63 3. You buy USD 10 million against Canadian dollars at 1.3785 and sell USD 10 million at 1.3779. What is your profit or loss? 4. Current spot rates are as follows: USD/CHF 1.5384/89 USD/SGD 2.3895/05 EUR/USD 0.9678/83 AUD/USD 0.5438/43 a. What is the two-way price for CHF/SGD? On which side of this price would the customer sell SGD? b. What is the two-way price for EUR/AUD? On which side of this price would the customer buy EUR? c. What is the two-way price for EUR/CHF? On which side of this price would the customer buy CHF? d. What is the two-way price for CHF/AUD? On which side of this price would the customer sell CHF

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