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Forex Transactions and Exchange Rates Analysis

The document provides exchange rates for various currency pairs at Bank Y on October 1, Year N. It outlines four foreign exchange transactions involving SGD, KRW, EUR, and CAD, specifying the amounts exchanged and the currencies involved. The task is to calculate the amounts received or paid by customers for each transaction based on the quoted rates.

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2 views1 page

Forex Transactions and Exchange Rates Analysis

The document provides exchange rates for various currency pairs at Bank Y on October 1, Year N. It outlines four foreign exchange transactions involving SGD, KRW, EUR, and CAD, specifying the amounts exchanged and the currencies involved. The task is to calculate the amounts received or paid by customers for each transaction based on the quoted rates.

Uploaded by

xt9ydxsryv
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

At the foreign exchange trading center of Bank Y on October 1, Year N, the following

information is available:

A/ Quoted exchange rates:

 EUR/USD: 1.0895 / 75

 CAD/CHF: 0.6388 / 40

 JPY/VND: 166.1600 / 90

 GBP/CHF: 1.0993 / 85

 GBP/VND: 35,268 / 88

 USD/KRW: 1,336.45 / 30

 USD/JPY: 147.65 / 35

 SGD/VND: 18,337 / 98

B/ The following foreign exchange transactions occur:

1. A customer sells 10,000,000 SGD and receives CAD.

2. A customer uses 100,000,000 KRW to buy GBP.

3. A customer sells 5,000,000 EUR and receives SGD.

4. A customer buys 1,000,000 CAD and pays in JPY.

C/ Determine the amount of money that the customer receives or has to pay for each of
the above transactions.

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