Assignment 8

Assignment 8 - $1.6037 / British Pound = 0.6236 1.4614 /...

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Adam Ohanesian May 4 th , 2011 Assignment #8 For each of the following direct foreign exchange quotes calculate the equivalent indirect quote (round off your answer using four decimal places): € 0.00776 / Yen = 128.8660 $0.2723 / Dirham = 3.6724 $0.0212 / Rupee = 47.1698
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Unformatted text preview: $1.6037 / British Pound = 0.6236 1.4614 / British Pound = 0.6843 Calculations: Indirect Quote = 1/Direct Quote Therefore: 1/0.00776 = 128.8660 1/0.2723 = 3.6724 1/0.0212 = 47.1698 1/1.6037 = 0.6236 1/1.4614 = 0.6843...
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This note was uploaded on 09/02/2011 for the course GSB 603 taught by Professor Benedetto during the Winter '10 term at Nichols.

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