The following quotes are provided by a Foreign Exchange (FX) dealer at the airport. BUY SELL YEN (Japan) 71 70 a) If you are exchanging 30 000 AUD (Australian Dollars), how many Japanese YEN will you receive?
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The COVID-19 pandemic is over, and you decide to celebrate by going on a vacation to Japan.
The following quotes are provided by a Foreign Exchange (FX) dealer at the airport.
|
BUY |
SELL |
YEN (Japan) |
71 |
70 |
a) If you are exchanging 30 000 AUD (Australian Dollars), how many Japanese YEN will you receive?
Show workings and a concluding statement in your response.
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- The COVID-19 pandemic is over, and you decide to celebrate by going on a vacation to Japan. The following quotes are provided by a Foreign Exchange (FX) dealer at the airport. BUY SELL YEN (Japan) 71 70 b) upon returning from the Japan, you have 75 000 YEN which you wish to convert back to AUD. How much will you receive? Show workings and a concluding statement in your response.The COVID-19 pandemic is over, and you decide to celebrate by going on a vacation to Japan. The following quotes are provided by a Foreign Exchange (FX) dealer at the airport. BUY SELL YEN (Japan) 71 70 c) One year later, you are considering to move to Japan to pursue a career as a Pokemon trainer. You check the exchange rates quoted by the same FX dealer at the airport. To your surprise, the rates have dramatically changed. The following quotes are provided by a Foreign Exchange (FX) dealer at the airport. BUY SELL YEN(Japan) 0.65 0.64 What conclusions about the strength of the Australian dollar can be drawn from comparing the current exchange rates with one year ago? Will you receive more or less YEN if you exchanged the same amount of money as you did one year ago?On your post graduation celebratory trip you decide to travel to Munich, Germany, to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of them for Russian rubles, you obtain the following quotes: Spot rate on the dollar/euro cross rate: $1.3214/E Spot rate on the ruble/dollar cross rate: Rbl30.96/$ What is the Russian ruble/euro cross rate? How many rubles will you obtain for your euros?
- An importer in Oman wants to exchange OMR to EUR which he will be Paying to an exporter after 3 months. He goes to a forex dealer in Oman who provides the following quotes for OMR/EUR Spot rate =0.460727-927 3 months rate = 0.480827-997 How much OMR will the importer pay in to receive 75000 Euros after 3 months? a. All the options are wrong b. 34569.53 c. 36062.03 d. 34554.53 e. 36074.78An importer in Oman wants to exchange OMR to KWD to make payment to the exporter in Kuwait after 3 months. He goes to a forex dealer in Oman who provides the following quotes for OMR/KWD. Spot rate =1.25695-6972 3 months rate = 1.32692-3642 How much OMR will the importer need to get KWD55000 after 3 months? a. 123274.8 b. All the options are wrong c. 122125.5 d. 73503.1 e. 72980.6You often travel to Japan and Australia and you need to exchange Japanese and Australian currencies. Your bank provides the following quotes: Currency Bid Ask Japanese Yen (JPY) 105 JPY/USD 110 JPY/USD Australian Dollar (AUD) 0.65 USD/AUD 0.70 USD/AUD If you want to convert 5,000 AUD into JPY, how much JPY will you receive from the bank? (Pick the closest answer) A. 341,250 JPY B. 3,095 JPY C. 385,000 JPY D. None is correct.
- Good day, How should I resolve this question, please? Your friend from Australia purchased a computer for C$3,900 while visiting you for the holidays, when the exchange rate was C$1 = A$1.0227. If the exchange rate changed to C$1 = A$1.0426, what was the change in value of the computer in Australian dollars?You often travel to Japan and Australia and you need to exchange Japanese and Australian currencies. Your bank provides the following quotes: Currency Japanese Yen (JPY) Australian Dollar (AUD) If you want to convert 5,000 AUD into JPY, how much JPY will you receive from the bank? (Pick the closest answer) A. 341,250 JPY B. 3,095 JPY C. 385,000 JPY D.None is correct. Bid 105 JPY/USD 0.65 USD/AUD Ask 110 JPY/USD 0.70 USD/AUDMunich to Moscow. On your post-graduation celebratory trip you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 15,900 euros in your wallet. Wanting to exchange all of them for Russian rubles, you obtain the following quotes Spot rate on the dollar/euro exchange rate $1.3121/€ Spot rate on the ruble/dollar exchange rate Rbl30.51/$ a. What is the Russian ruble/euro cross rate? b. How many rubles will you obtain for your euros? (Round to two decimal places.)
- You often travel to Japan and Australia and you need to exchange Japanese and Australian currencies. Your bank provides the following quotes: Currency Bid Ask Japanese Yen (JPY) 105 JPY/USD 110 JPY/USD Australian Dollar (AUD) 0.65 USD/AUD 0.70 USD/AUD If you want to convert 5,000 AUD into JPY, how much JPY will you receive from the bank?Mo. Jeanette Johnson is going to Saudi Arabia next week for Spring break. She inquires about the rate of exchange between the US dollar and the Riyal (the currency of Saudi Arabia). She is then informed by a teller at Bank of America in San Francisco that the bank’s current bid rate is R/$ = 3.7505, while their offer rate is R/$ = 4.0000. Coincidentally, she meets Al Freddy, a friend of hers, who just arrived from Saudi Arabia and who would like to convert his Riyals into dollars at the same Bank. Which of these two rates from Bank of America is applicable to Jeanette Johnson? [Remember: Jeanette who is going to Saudi Arabia has dollars that she wants to exchange against Riyals]. A. bid rate. B. offer rate. C. both the bid and offer rates D. neither the bid nor the offer rate.1) You are planning your dream vacation to see Komodo National Park in Indonesia. You figure you will need 76,405,080 Indonesian rupiah for the vacation, because you staying at the Ayana, and the exchange rate is Et = 18,630.84. How much $US dollars do you need to set aside? A) $4,101 B) $4,555 C) $5,244 D) $5,910 2) Say that in Marquette, Michigan you can buy a Big Mac for $7.6 on Washington Street, while at the Anfa Mall in Casablanca, Morocco, the same burger will set you back 43.2 Dirham. The current exchange rate is $1 US buys 5.1 Dirham. According to the law of one price, the exchange rate should be Et = ______ and overtime, we can predict that the US dollar should ______. A) 5.68; depreciate B) 5.68; appreciate C) 6.12; depreciate D) 6.12; appreciate