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Please use the quotes to answer the following questions: 2/09/2016 2/09/2017 JPY/USD: 85.2584 JPY/USD: 90.5545 USD/GBP:...

Please use the quotes to answer the following questions:

2/09/2016

2/09/2017

JPY/USD: 85.2584

JPY/USD: 90.5545

USD/GBP: 1.6763

USD/GBP: 1.6229

USD/MXN: 0.1055

MXN/USD: 8.6578

CHF/USD: 0.9685

USD/CHF: 1.0785

Based on 2/09/2017 quotes:
  1. How many JPY does it take to buy USD 30,000,000?
  1. How many CHF does it take to buy 12,000,000 MXN?
  1. What is GBP/JPY (that is, the number GBP of per JPY)?

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Homework Answers

Answer #1
Rate quoted
JPY /USD 90.5545
JPY needed for USD 30,000,000
JPY needed= 30000000*90.5545
JPY needed=         2,716,635,000
MXN/USD 8.6578
USD/CHF 1.0785
MXN/CHF= 8.6578*1.0785
MXN/CHF= 9.3374373
CHF/MXN= 0.107095766
CHF needed for 12000000 MXN 12000000*0.107095
CHF needed for 12000000 MXN           1,285,149.19
JPY /USD 90.5545
USD/GBP 1.6229
JPY/GBP 90.5545*1.6229
JPY/GBP 146.9608981
GBP/JPY                   0.00680
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