Q.1) EUR USD 1.5150/1.5280
Calculate Mid Rate, Spread and % Spread.
(Ans: Mid Rate EUR USD 1.5215; Spread USD 0.0130 and % Spread = 0.85%)
Q.2) AUD USD 0.8940 Mid Rate
USD 0.0250 Spread
Calculate Bid / Ask Rate.
(Ans: AUD USD 0.8815/0.9065)
Q.3) USD EUR 0.7750 / 80
(Ans: EUR USD 1.2853/1.2903)
Q.4) Study following quotes:
GBP INR 75 and SGD INR 26.52
What is GBP SGD rate?
(Ans: GBP SGD 2.8281)
Q.5) From the following rates, find out AED INR Rate:
USD INR 47.9710 / 48.0101
USD AED 3.6701 / 6859.
(Ans: AED INR 13.0147 – 13.0814)
Q.6) Quotation for Pound Sterling in Indian Rupees is GBP INR 68.87/70.24. Calculate percentage spread.
(Ans: Percentage Spread 1.950%)
Q.7) From the following rates, find out JPY INR Rate: [Note: Switzerland Franks denoted as CHF]
CHF INR 32.7730 / 32.7750
CHF JPY 83.5540 / 83.5600
(Ans: JPY INR 0.3922/0.3923)
Q.8) Study following quotes:
EUR INR 47.95 and AED INR 12.93 [AED is Arab Emirates Dirham].What is EUR AED rate?
(Ans: EUR AED 2.8281)
Q.9) Consider the following quotes:
Spot (Euro/Pound) = 1.6543/1.6557
Spot (Pound/NZ $) = 0.2786/0.2800
i. Calculate the percentage spread on the Euro/Pound rate.
ii. Calculate the percentage spread on the Pound/NZ $ rate.
iii. The maximum possible percentage spread on the cross rate between the Euro and the NZ $.
(Ans: (i) % Spread (Euro/Pound) 0.0846%
(ii) % Spread (Pound/NZ $) 0.50%
(iii) % Spread 0.5846 (Thus, maximum % spread is addition of two spreads).
Q.10) The following quote is given.
USD 1 = CAD 1.1630/50.
Identify the country in which this is a direct quote.
Find the mid rate, spread and the spread percentage.
Calculate the inverse quote.
(Ans: Direct quote in CAD i.e. in Canada.
Mid Rate 1.1640
% Spread 0.17%
Inverse quote is CAD 1 = USD 0.8584/0.8598)
Q.11) The following quote is given in New York:
EUR 1 = USD 1.2596 / 1.2620
Is it a direct or indirect quote?
Find the mid rate, spread and the % spread. Calculate inverse quote.
(Ans: It is direct quote
Mid Rate 1.2608
% Spread 0.19%
Inverse quote is USD 1 = EUR 0.7924/0.7939)
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