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On December 31, 2001 Historic Bank had long positions of 200,000,000 Japanese Yen and 50,000,000 Swiss Francs. The closing exchange rates were \92/$...

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Can't figure out how to solve for #84.

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6 comments
  • How did you get the delta positions for the japanese and swiss franc?
    • fosternicholasd
    • May 08, 2018 at 4:39pm
  • Formulas to be used: 1.01 x exchange rate = 1.01 x 92 = 92.92 yen
    • jesscantular
    • May 08, 2018 at 5:29pm
  • Revalued position = 200,000,000 / 92.92 = 2,152,389.152
    • jesscantular
    • May 08, 2018 at 5:30pm
  • revalued position - position of the currency (question 10-82) = 2,152,389.152 - 2173913 =-21,524
    • jesscantular
    • May 08, 2018 at 5:31pm
  • Thank you so much! That cleared it up
    • fosternicholasd
    • May 08, 2018 at 5:35pm
  • You're welcome.
    • jesscantular
    • May 08, 2018 at 5:36pm

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