Q.1) GBP INR 81.22 and EUR INR 56.02. Calculate GBP EUR Rate.

(Ans.: 1.4498)


Q.2) Bankers quotes as follows:                                                                                  

{MXN = Mexican Peso, BRL = Brazialian Real}                                                       

In Brazil : GBP BRL 5.2506 – 5.2600.

In Mexico : BRL MXN 3.9568 – 3.9698.

What is GBP MXN expected rate?

(Ans.: 20.7756/20.8812)


Q.3) Bankers quotes as follows:

In Euroland : GBP EUR 1.4403 – 1.4490.

In Australia : GBP AUD 2.4752 – 2.4792.

What is EUR AUD expected rate?

(Ans.: 1.7082/1.7213)

Q.4) The following quote is given in Singapore:                                                  

USD 1 = SGD 1.2670 / 1.2700. Is it a direct or indirect quote?

Find the midrate, spread and the % spread. Calculate inverse quote.

(Ans.:  Direct in         Singapore

            Mid Rate        1.2685

            Spread            0.0030

            % Spread       0.24%

            Inverse            0.7874/0.7893)


Q.5) Cable Rate is GBP USD 1.6000 / 1.6070                                                      

In which country this is a direct quote?

Find the midrate, spread and the % spread. Calculate inverse quote.

(Ans.:  Direct in         US of A

            Mid Rate        1.6035

            Spread            0.0070

            % Spread       0.44%

            Inverse            0.6223/0.6250)

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