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Unformatted text preview: exchange the currency now. I think I would choose a forward rate for this transaction because the amount of the exchange rate can be set now and on the set date still be for the agreed upon amount. The dollars that would have to be spent to obtain the required amount of yen if I did my calculations correct would be, 100000 JPY (yen) = 1080 USD. For the second question I have found that on the web site provided in the text, Portugal’s currency has been converted to euros. There was no escudo conversion in the conversion calculator or Portugal for that matter. So after doing the new conversions I have found that it would be wise to invest with Poland as 1,000,000 ztoty = 343,800 USD, and 45,000,000 Euros =59,966,415 USD. 2...
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- Spring '10
- United States dollar, Exchange Rates Research