You have the following quotations:GBP/AUD 1.8033-38GBP/NZD 1.9605-09What is the cross rate NZD/AUDQuestion 3Select one:a.1.0869-73b.0.9197-9200c.1.0868-75d.1.0867-74e.1.0868-72f.0.2827-28g.0.2827-29h.0.9195-92
Question
You have the following quotations:GBP/AUD 1.8033-38GBP/NZD 1.9605-09What is the cross rate NZD/AUDQuestion 3Select one:a.1.0869-73b.0.9197-9200c.1.0868-75d.1.0867-74e.1.0868-72f.0.2827-28g.0.2827-29h.0.9195-92
Solution
To calculate the cross rate, you need to divide the two exchange rates.
First, take the bid (buy) prices:
1.9605 (GBP/NZD) / 1.8033 (GBP/AUD) = 1.0872 (NZD/AUD)
Then, take the ask (sell) prices:
1.9609 (GBP/NZD) / 1.8038 (GBP/AUD) = 1.0871 (NZD/AUD)
So, the cross rate NZD/AUD is 1.0872-1.0871.
However, none of the options provided exactly match this result. The closest option is c. 1.0868-75.
Similar Questions
Calculate the current exchange rate AUD/GBP, given these two quotes:AUD/USD 0.5640-50GBP/USD 1.5850-60Question 4Select one:a.AUD/GBP 0.3558-62b.AUD/GBP 0.3556-65c.AUD/GBP 0.8945-55d.AUD/GBP 0.8939-45
Using the AUD/USD and USD/JPY rates provided, select the correct AUD/JPY cross rate: AUD/USD: 0.7442 USD/JPY: 111.88 a. 0.0067 b. 83.2611 c. 83.26 d. 150.34
An analyst gathers the following exchange rate quotes:CAD/EUR 1.0718EUR/GBP 0.9463CAD/EUR is the amount of CAD per 1 EUR.EUR/GBP is the amount of EUR per 1 GBP.The GBP/CAD (amount of GBP per 1 CAD) cross-rate is closest to:A.0.8829.B.0.9860.C.1.0142.
What would be the forward rate if the Forward Exchange Contract is quoted as AUD/USD0.8040-50 10:14 Question 4Select one:a.AUD/USD0.8026-40b.AUD/USD0.8064-50c.AUD/USD0.8050-64 d.AUD/USD0.8040-26
The spot AUD/USD rate is 0.7476 The 3 month AUD/USD FX swap rate is -8 FX points Determine the 3 month outright FEC rate for AUD/USD. (Display your answer to 4 decimal places)
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.