Crisis in the pacific the asian financial crisis

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Problem 5.6 Crisis in the PacificThe Asian financial crisis which began in July 1997 wreaked havoc throughout the currency markets of East Asia.a. Which of the following currencies had the largest depreciations or devaluations during the July to November period?b. Which seemingly survived the first five months of the crisis with the least impact on their currencies?Part a.July 1997November 1997PercentageCountryCurrency(per US$)(per US$Change vs dollarChinayuan 8.40 ###0.0%Hong Kongdollar 7.75 7.73 0.3%Indonesiarupiah2,400 3,600 -33.3%Koreawon900 1,100 -18.2%Malaysiaringgit2.50 3.50 -28.6%Philippinespeso27 34 -20.6%Singaporedollar1.43 1.60 -10.6%Taiwandollar27.80 32.70 -15.0%Thailandbaht25.0 40.0 -37.5%Part b.The Chinese yuan's value against the US dollar, as a result of the Chinese government maintaining its peg to the dollar, did not change at all during the crisis. The Thai baht, however, fell 37.5% in only five months, with the Indonesian rupiah a close second with a loss of 33.3%.
Problem 5.7 Bloomberg Currency Cross RatesUse the following cross rate table from Bloomberg to answer the following questions.CurrencyUSDEURJPYGBPCHFCADAUDHKDHKD7.773610.29760.092812.28537.91657.69877.6584AUD1.0151.34460.01211.60421.03371.00530.1306CAD1.00971.33760.01211.59581.02830.99480.1299CHF0.98191.30080.01171.55190.97250.96740.1263GBP0.63280.83820.00760.64440.62670.62340.0814JPY83.735110.9238132.334885.275182.928182.494910.7718EUR0.75490.0091.1930.76880.74760.74370.0971USD1.32470.01191.58041.01840.99040.98520.1286QuoteCalculateda. Japanese yen per US dollar?
b. US dollars per Japanese yen?0.01190.0119 c. US dollars per euro?
d. Euros per US dollar?
e. Japanese yen per euro?
f. Euros per Japanese yen?
g. Canadian dollars per US dollar?
h. US dollars per Canadian dollar?
i. Australian dollars per US dollar?
j. US dollars per Australian dollar?
k. British pounds per US dollar?
l. US dollars per British pound?
m. US dollars per Swiss franc?
n. Swiss francs per US dollar?
Problem 5.8 Forward Premiums on the Dollar/Euro ($/€)PeriodBid RateAsk Ratespot1.32311.32321 month1.32301.32312 months1.32281.32293 months1.32241.32276 months1.32151.321812 months1.31941.319824 months1.31471.3176a. What is the mid-rate for each maturity?b. What is the annual forward premium for all maturities?c. Which maturities have the smallest and largest forward premiums?
c) Which maturities have the smallest and largest forward premiums?

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