Question: You are assigned two tasks: 1) In the first table, there are missing values for direct and cross rates. Please fill them out (using the

You are assigned two tasks:

1) In the first table, there are missing values for direct and cross rates. Please fill them out (using the available rates, you need to derive the missing rates).

2) In the second table, you need to update the rates with the most recent available rates in the markets (use on-line resources, yahoo, oanda, wall street journal, etc.)

KEY CURRENCY CROSS RATES (09/16/2011)
Country US $ Euro Pound Sfranc Peso Yen Can $
Canada 0.9782 1.3496 C 1.1173 0.0749 0.0127 1
Japan 76.79 105.9465 121.2346 87.7099 5.8829 1 78.5013
Mexico 13.0531 B 20.6080 14.9093 1 0.1700 13.3440
Switzerland A 1.2079 1.3822 D 0.0671 0.0114 0.8950
U.K. 0.6334 0.8739 1 0.7235 0.0485 0.0082 G
E.U. 0.7248 1 1.1443 0.8279 0.0555 F 0.7410
U.S. 1 1.3797 1.5788 1.1422 E 0.0130 1.0223
KEY CURRENCY CROSS RATES (MOST RECENT)
Country US $ Euro Pound Sfranc Peso Yen Can $
Canada
Japan
Mexico
Switzerland
U.K.
E.U.
U.S.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!