Suppose the exchange rate was 0.9830($/)last month, and it is 1.0570($/)today. What is the gain or loss

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Suppose the exchange rate was 0.9830($/)last month, and it is 1.0570($/)today. What is the gain or loss to your institution as a result of this exchange rate fluctuation?

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Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 16, 2024 12:51 AM

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Suppose the exchange rate was 0.9830($/)last month, and it is 1.0570($/)today. What is the gain or loss

Question:

Pounds Assets 38,000,000 Liabilities 79,000,000 FX Bought 35,000,000 FX Sold 26,000,000 Pounds Assets 38,000,000 Liabilities 79,000,000 FX Bought 35,000,000 FX Sold 26,000,000

Expert Answer:

The value of the assets in dollars last month was 38000000 09830 37... View the full answer

Microeconomics An Intuitive Approach with Calculus

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