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Homework answers / question archive / Country AMERCIAN TERMS ($ / EUROPEAN TERMS ( / $ BID ASK BID ASK NZ$ 0

Country AMERCIAN TERMS ($ / EUROPEAN TERMS ( / $ BID ASK BID ASK NZ$ 0

Finance

Country

AMERCIAN TERMS ($ /

EUROPEAN TERMS ( / $

BID

ASK

BID

ASK

NZ$

0.4660

0.4667

   

SG$

0.5705

0.5710

   
  1. Compute the European terms for the currencies
  2. What is the BID cross exchange rate for SG$ priced in NZ$?
  3. What is the ASK cross exchange rate for SG$ priced in NZ$?
  4. Suppose an investor wanted to SELL 2000 NZ$ to $ &   SELL 1500 SG$ to $. How much is the total $ received at the end?
  5. Suppose an investor wanted to BUY 1000$ by selling SG$. How many SG$ does he need?

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