536-1a_HW[1] - 536-1a_HW 11S Topic 1 Foreign Exchange...

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536-1a_HW, 11S FIN 536 – SU Page 1 of 9 Topic 1 Foreign Exchange Market P6.3 –- Solution CHANGING CURRENCY VALUE: SHOW ALL YOUR WORK CLEARLY Symbol ISO code LC as the Base currency $ as the Base currency Y CNY NA NA NA NA HK$ HKD HKD appre. 0.26% $ depre. -0.26% Rp IDR IDR depre. -33.33% $ appre. 50.00% W KRW KRW depre. -18.18% $ appre. 22.22% RM MYR MYR depre. -28.57% $ appre. 40.00% P PHP PHP depre. -20.59% $ appre. 25.93% S$ SGD SGD depre. -10.63% $ appre. 11.89% NT$ TWD TWD depre. -14.98% $ appre. 17.63% Bht THB THB depre. -37.50% $ appre. 60.00% P6.12 -- Solution CHANGING CURRENCY VALUE: SHOW ALL YOUR WORK CLEARLY a) -28.2051% b) Exam Sample Problem 1 CHANGING CURRENCY VALUE: SHOW ALL YOUR WORK CLEARLY S 0 % change relative to $ S 1 1. 236.21 CK/$ Czech Koruna appreciated 5 % ??? 2. 0.9500 $/€ Euro appreciated 28% ???? 3. 1.5623 SF/$ ???? 1.2800 SF/$ 4. 1.0308 €/$ ???? 1.0219 €/$ Exam Sample Problem 1 – Solution 1. 224.96 CK/$ 2. 1.2160 $/€ 3. $ depreciated 18.08% (or SF appreciated 22.07%) 4. $ depreciated 0.86% (or € appreciated 0.87%) Exam Sample Problem 2 CHANGING CURRENCY VALUE: SHOW ALL YOUR WORK CLEARLY The following quotations are available: 08/11/02 07/14/03 0.9701 $/€ 1.1300 $/€ 1. Is the Euro appreciated or depreciated? What is the percentage change in the value of Euro? 2. Is the dollar appreciated or depreciated? What is the percentage change in the value of $? Exam Sample Problem 2 – Solution 1. Appreciation, 16.48% 2. Depreciation, -14.15% $ / 3250 % 40 1 1950 1 1 1 Bs S
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