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    Assigment - 3: Nama: Listi Maulida Saapitri NPM: 1111197034

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    Wanabakti Satria
    This document contains an assignment submission by Listi Maulida Saapitri (NPM 1111197034). It includes calculations of bid-ask spreads for the Australian dollar and Peruvian new sol. It also lists the bid rates, ask rates, and resulting bid-ask percentage spreads for the British pound and Japanese yen. Finally, it shows the direct and indirect currency quotations at the start and end of the semester for several currencies including the Canadian dollar, euro, Japanese yen, Mexican peso, Swiss franc, and UK pound.

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    Assigment - 3: Nama: Listi Maulida Saapitri NPM: 1111197034

    Uploaded by

    Wanabakti Satria
    75 views1 page
    This document contains an assignment submission by Listi Maulida Saapitri (NPM 1111197034). It includes calculations of bid-ask spreads for the Australian dollar and Peruvian new sol. It also lists the bid rates, ask rates, and resulting bid-ask percentage spreads for the British pound and Japanese yen. Finally, it shows the direct and indirect currency quotations at the start and end of the semester for several currencies including the Canadian dollar, euro, Japanese yen, Mexican peso, Swiss franc, and UK pound.

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    MKI_Assignment 3_Jumat-dikonversi

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    This document contains an assignment submission by Listi Maulida Saapitri (NPM 1111197034). It includes calculations of bid-ask spreads for the Australian dollar and Peruvian new sol. It also lists the bid rates, ask rates, and resulting bid-ask percentage spreads for the British pound and Japanese yen. Finally, it shows the direct and indirect currency quotations at the start and end of the semester for several currencies including the Canadian dollar, euro, Japanese yen, Mexican peso, Swiss franc, and UK pound.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    75 views1 page

    Assigment - 3: Nama: Listi Maulida Saapitri NPM: 1111197034

    Uploaded by

    Wanabakti Satria
    This document contains an assignment submission by Listi Maulida Saapitri (NPM 1111197034). It includes calculations of bid-ask spreads for the Australian dollar and Peruvian new sol. It also lists the bid rates, ask rates, and resulting bid-ask percentage spreads for the British pound and Japanese yen. Finally, it shows the direct and indirect currency quotations at the start and end of the semester for several currencies including the Canadian dollar, euro, Japanese yen, Mexican peso, Swiss franc, and UK pound.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    ASSIGMENT_3

    Nama : Listi Maulida Saapitri


    NPM : 1111197034

    ==================================================================

    1. Stetson Bank quotes a bid rate of $ 0.784 for the Australian dollar and an ask rate of $
    0.80. What is the bid/ask percentage spread?
    - Stetson bank quotes a bid rate of $ 0.784 for the australiab dollar and an ask rate of $ 0.80
    Hence, bid/ask spread : Ask rate – Bid rate
    Hence, bid/ask spread : 0.800 – 0.784 = 0.016

    Now, bid/ask percentage spread : spread/ask rate


    Bid/ask percentage spread : 0.016/0.800 = 0.02 or 2%

    2. Fullerton Bank quotes an ask rate of $ 0.190 for the Peruvian currency (new sol) and
    a bid rate of $ 0.188. Determine the bid/ask percentage spread?
    - Bid Ask percentage spread = (Ask – Bid) / Ask
    = ($0.190-0.188) / 0.190
    = 1.0526% or 1.05%

    3. What is the bid-ask percentage spread of these currencies?


    Currency Bid rate Ask rate Bid/ask spread
    British pound $1.52 $1.60 05 or 5%
    Japanese yen ¥0.0070 ¥0.0074 054 or 5.4%

    4. Determine indirect quotation (dollar per unit) at semester’s end for those currencies
    CURRENCY DIRECT INDIRECT DIRECT INDIRECT
    QUOTATION QUOTATION QUOTATION QUOTATION
    (dollars per unit) (dollars per unit) (dollars per unit) (dollars per unit)
    AT AT AT AT SEMESTER’S
    SEMESTER’S SEMESTER’S SEMESTER’S END
    START START END
    Canadian dollar $ 0.66 1.51 $ 0.70 1.43
    Euro $ 1.031 0.97 $ 1.064 0.94
    Japanese yen $ 0.009 111.11 $ 0.0097 103.09
    Mexican peso $ 0.12 8.33 $ 0.11 9.09
    Swiss franc $ 0.62 1.61 $ 0.67 1.49
    U.K. pound $ 1.50 0.67 $ 1.60 0.62

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