A New York FX trader quotes the dollar value of a euro as USD/EUR = 1.1510-1.152

Question

A New York FX trader quotes the dollar value of a euro as USD/EUR = 1.1510-1.1520. State the bid price for EUR/USD, round to the highest pip A New York FX trader quotes: USD/EUR 1.1510-1.1520. State the asked price for EUR/USD, round to the highest pip You noticed that the exchange rate between the Korean won and the U.S. dollar has changed considerably. The KRWIUSD exchange rate has moved from 800 won per dollar to 1000 won per dollar. The KRW has relative to USD Appreciated Depreciated Determine the percentage appreciation or depreciation of the KRW relative to the USD You visit the foreign exchange trading room of a major bank. A trader asks for quotations of the British pound (GBP) from various correspondents and hears the following quotes. This means that Bank B will pay no more than $_ for one GBP Bank B will sell a GBP for no less than $ Bank A: USD/GBP 1.6580-1.6585 Bank B: USD/GBP 82-87 On 2-Jan Mehmet, a Turkish investor purchases a stock trading on the New York Stock Exchange, denominated in USD. On 30-Apr Mehmet sells the stock. Did the TRY appreciate or depreciate against the USD during the holding period? 2-Jan USD/TRY 0.3039 16 30-Apr: USD/TRY 0.2889 Appreciate Depreciate Mehmet needs help to determine by what percentage did the TRY appreciate or depreciate against the USD during the 17 holding period. USDITRY 2-Jan: 0.3039 USDITRY 30-Apr: 0.2889 Did Mehmet gain or lose on his investment in the USD? 2-Jan: USD/TRY 0.303930-Apr: USDITRY 0.2889 18 gained on his investment in the USD [Mehmet lost on his investment in the USD Mahmet On 2-Jan Azra, a Turkish investor, buys a stock in Vietnam, trading on the Ho Chi Minh Stock Exchange, denominated in dong, VND, that he believes is a winner. On 30-Apr the investor sells the stock. Determine the cross-rate for Azra on 2-Janand 30-Apr USD/TRY 0.2889 19 2-Jan: VND/USD 22,374 30-Apr: VND/USD 24,622 2-Jan: USD/TRY 0.3039 30-Apr

Explanation / Answer

11)There are too many questions and i am solving only first four
converting then to Eur/USD
=1/1.151=0.8688
=1/1.152=0.8681
The bid price is 0.8681

12) converting then to Eur/USD
=1/1.151=0.8688
=1/1.152=0.8681
The bid price is 0.8688

13)Depreciated

14)% depreciation=(1000-800)/800=25%

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