Currency Exchange Rate

Currency Exchange Rate
Currency Exchange Rate

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Currency Exchange Rate

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1. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.41 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.64 euros. What is the cross-rate of Swiss francs to euros? What is the cross-rate of euros to Swiss francs?

2. In 1985, a given Japanese imported automobile sold for 1,476,000 yen, or $8,200. If the car still sold for the same amount of yen today but the current exchange rate is 144 yen per dollar, what would the car be selling for today in U.S. dollars.

3. Suppose the spot exchange rate for the Canadian dollar is C$1.23 and the six-month forward rate is C$1.27.What is worth more, a U.S. dollar or a Canadian dollar?

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