On the Bloomberg Terminal: Type in WCRS. Describe the type of information you ca
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Question
On the Bloomberg Terminal: Type in WCRS. Describe the type of information you can retrieve from this screen and how you can use that information. Please include a screen shot and how all the information can be used. (#211-#215 in screen shot)
200) Actions 201) Refresh 202) Table World Currency Ranker 205) Multiple Ranking Basket 12/07/17 204) Historical Ranking 203) Single Ranking 210) Returns 211) Spot Return 212) Interest Return 213) Total Return 214) Forecasted Spot 215) Forecasted Total Base USD 1 Day 12/06/17 Period G10 Range Spot Returns (%) ) British Pound 2 Euro 3) Danish Krone 4) Swiss Franc 5)Canadian Dollar 6) Norwegian Krone )Swedish Krona 8) Australian Dollar 9) Japanese Yen 10) New Zealand Dollar GBP EUR DKK CHF CAD NOK SEK AUD JPY NZD 0.60 -0.13 -0.21 0.45 1.51 0.53 0.59 0.70 -0,71 -0.75 220) Interest Rates 230) Volatility 240) Carry Trade 250) CDS 260) Purch. Power 270) Eff. Exchange Rate Aus tralia 61 2 9777 8600 Brazil 5511 2395 9000 Europe 44 20 7330 7500 Germny 49 69 9204 1210 Hong Kong 852 2977 6000 Tapan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 212 318 2000 Copyright 2017 Bloomberg Finance L.P SN 878465 H435-2913-0 07-Dec-17 17:15:24 EST GMT 5:00Explanation / Answer
Understanding the basic function of WCRS is necessary for adressing this screenshot.
WCRS allows one to look at the day’s currency movements viz a viz major currency pairs.
Adressing 211 gives us spot returns for USD viz a viz major currency pairs. Spot returns are returns achieved for a currency if it is held over a period of time and then sold. Here the period is one day from 6 december 2017 to 7 december 2017 which is 0.60% positive for GBP. The one returns for holding other major currencies is also provided for Euro, Danish krone, Swiss Franc etc.
These returns are measured against US dollar which is the base currency as provided. Spot returns can be used by currency traders to gauge the better performing currencies for investing. Also return correlations can be calculated to diversify currency portfolio.
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