Question: Question 5 (8 marks) Refer to the data in the table below. Suppose they are the FX rates quoted by a large bank. Pair Bid

Question 5 (8 marks) Refer to the data in the table

Question 5 (8 marks) Refer to the data in the table below. Suppose they are the FX rates quoted by a large bank. Pair Bid Ask EUR/USD 1.1402 1.1403 GBP/USD 1.3548 1.3552 USD/JPY 115.98 115.99 USD/CHF 0.9262 0.9263 AUD/USD 0.7150 0.7151 USD/CAD 1.2740 1.2741 NZD/USD 0.6660 0.6664 Pair Bid Ask EUR/USD 1.1399 1.1403 EUR/GBP 0.8413 0.8417 EUR/JPY 132.23 132.29 EUR/CHF 1.0558 1.0566 EURAUD 1.5947 1.5955 Assume the client will choose the best rate to deal with. Fill in the blanks below: Client wants to Client deals at 1.3552 e.g. Buy 5 Mio GBP versus USD (GBP/USD) a. b. Sell 10 Mio EUR versus USD (EUR/USD) Buy 0.5 Mio USD versus JPY (USD/JPY) Buy 1 Mio CAD versus USD (USD/CAD) c. d. Sell 2 Mio EUR versus AUD (EUR/ AUD)

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