Question: Tab 1-FX Problems - 12 points total Use the rates provided below for the three problems in this tab. Each problem is worth 4 points

Tab 1-FX Problems - 12 points total Use the rates provided below for the three problems in this tab. Each problem is worth 4 points Bid Ask Spot GBP/USD 1.5102 1.5195 Forward (90 day) GBP/USD 1.5005 1.5085 Spot USD/JPY 123.22 128.55 Forward (30 day) USD/JPY 120.25 122.35 Spot EUR/AUD 1.4811 1.4922 Forward (60 day) EUR/AUD 1.4775 1.4801 Questions A) You will have EUR 125 M in 60 days and you want to exchange them for Australian Dollars (AUD) How many AUD will you get? Also, which currency is getting stronger (at a premium) relative to the other? EUR AUD? Which is stronger

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