Business Question
1. Your friend from Germany has decided to come and visit you in the U.S. You estimate the cost of her trip at $3,520. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 1.393? Enter your answer rounded off to two decimal points. Do not enter any currency in the answer box. 2. Your friend from France has decided to come and visit you in the U.S. You estimate the cost of her trip at $4,438. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 0.685? Enter your answer rounded off to two decimal points. Do not enter any currency in the answer box. 3. Given USD/Brazilian Real = 3.774 USD/Australian Dollar = 1.276 USD/Chinese Yuan = 5.578 What is the Brazilian Real/Chinese Yuan cross rate? Enter your answer rounded off to THREE decimal points. 4. Given USD/Brazilian Real = 3.949 USD/Australian Dollar = 1.5 USD/Chinese Yuan = 5.817 What is the Australian Dollar/Chinese Yuan cross rate? Enter your answer rounded off to THREE decimal points. 5. Suppose you have the following information: 1 USD = 0.958 GBP 1 USD = 1.117 CAD What is the GBP/CAD cross rate? Enter your answer rounded off to FOUR decimal points. Do not enter any currency sign in the answer box. 6. In New York, you can exchange $1 for €0.8214 or £0.6282. Suppose that, in Berlin, £1 costs €1.2643. How much profit can you earn on $10,501 using triangle arbitrage? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 7. Assume the current spot rate between the UK and the U.S. is £0.856 per $1, the expected inflation rate in the U.S. is 2.67 percent, and the expected inflation rate in the UK is 3.78 percent. If relative purchasing power parity exists, what will the exchange rate be next year? Enter your answer rounded off to FOUR decimal points. Do not enter any currency symbol in th answer box. 8. Assume the current spot rate between the UK and the U.S. is £0.652 per $1, the expected inflation rate in the U.S. is 2.49 percent, and the expected inflation rate in the UK is 3.93 percent. If relative purchasing power parity exists, what will the exchange rate be 2 years from now? Enter your answer rounded off to FOUR decimal points. Do not enter any currency symbol in th answer box.
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