Venezuelan bolivar b a what was the percentage change

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Problem 6.14 Venezuelan Bolivar (B)a. What was the percentage change in January?b. Forecast value for June 2003?AssumptionsValuesExchange rate, January 1, 2003 (Bs/$)1,400 Exchange rate, February 1, 2003 (Bs/$)1,950 Forecast fall in value from Feb 1 to early summer, 2003-40.0%a) What was the percentage change in January?January 1st, 2003, the bolivar was trading at Bs1400/$. By February 1st, its value had fallen to Bs1950/$. Many currency analysts and forecasters were predicting that the bolivar would fall an additional 40% from its February 1st value by early summer 2003.
b) Forecast value for June 2003?
The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1st, 2003, the bolivar was trading at Bs1400/$. By February 1st, its value had fallen to Bs1950/$. Many currency analysts and forecasters were predicting that the bolivar would fall an additional 40% from its February 1st value by early summer 2003.
Problem 6.15 Indirect Quotation on the DollarQuoted90-dayPercent premiumAssumptionsSpot rateForward rateor discount on euroDays forward90 € 1.3300€ 1.3400Calculation formula for the indirect quote on the dollar:Percent premium = (S-F)/(F) x (360/90)-2.9851%I US$ can buy 1.3300 euro in spot and 1.3400 in forward market, i.e. 1 US$ can buy more in forward market.The euro would be selling forward at a discount against the dollar, or equivalently, the dollar sellingforward against the euro at a premiumIn a way, the terminology is a bit tricky. One might say that the "forward premium is a premium."Check calculation One way to check percentage change calculations is to invert each of the currency $0.7519 $0.7463 Percent discount = (F-S)/(S) x (360/90)-2.9851%Calculate the forward premium on the dollar (the dollar is the home currency) if the spot rate is €1.3300/$ and the 3-month forward rate is €1.3400/$.European euro (per $)quotes (1/(/$)), and recalculate the quote using the direct quotation formula.European euro ($ per )
Problem 6.16 Direct Quotation on the Dollar
Problem 6.17 Mexican Peso - European Euro Cross RateAssumptionsExchange rateMexican peso, pesos/dollar (Ps/$)12.45 0.7550 Calculated cross rate, pesos/euro16.4901 0.0606 Calculate the cross rate between the Mexican peso (Ps) and the euro (€ ) from the following two spot rates: Ps12.45/$ and € 0.7550/$. European euro, euros/dollar (€/$)pesos/euro = (Ps/$) / (€/$)or equivalently, euros/peso (€/Ps)
Problem 6.18 Pura VidaAssumptionsExchange rateCosta Rican colón, colónes/dollar (/$)500.29 Canadian dollar, Canadian dollars/dollar (C$/$)1.0200 Calculated cross rate, pesos/euro490.4804 or equivalently, Canadian dollars/colón (C$/)0.0020 Calculate the cross rate between the Costa Rican colón () and the Canadian dollar (C$ ) from the following two spot rates: 500.29/$ and C$1.02/$. Colónes/Canadian dollar = (/$) / (C$/$)

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