1 CND= 75 R. How much is the loss for Indian company? What are the methods to avoid this risk?
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- A US company needs to make a one-time payment of 50 million dollars in Mexican Pesos in about 6 months, and would like to hedge against the risk that exchange rates may change. Describe in words the hedging strategy that the company should take. Remember that a possible answer is that the company should not be hedging at all.Suppose you, a German importer, expect to pay $1 million in 90 days for taking delivery of import goods from a U.S. exporter. St = $1.14/€; Ft, k = $1.16/€, where k =90 days. If St+k = $1.15/€, what would be the gain or loss from the forward hedge relative to remaining unhedged?Golden Ltd is an exporting company and it will have receivables in Malaysian ringgit in coming years. It expects the Malaysian ringgit to depreciate against the US dollar over time. It wants to get rid of its transaction exposure by denominating the exports in US dollars but that it is still subject to operating exposure. The long-term hedging techniques are constrained and it does not know how much Malaysian ringgit it will receive in the future, so it is difficult even if a long-term hedging method was available. How can Golden Ltd lessen its exposure in the case?
- Considering the following quotes from three banks: London Bank: €1.0837/£ Hong Kong Bank: U$1.1944/£ Tokyo Bank: €0.9582/U$ Ignoring transaction costs, is there an arbitrage opportunity based on these quotes? Justify your answer through calculations. If yes, what steps would you take to make an arbitrage profit and how much profit in US dollars would you make if you are authorized to use 10 million US dollars for this purpose?A Japanese firm has a contract to buy equipment from a US manufacturer for $2.20m in 30 days. The current spot rate is 110 JPY/USD. A. The Japanese firm has an asset/liability position in dollars. B. The Japanese firm faces the risk that the yen will appreciate/depreciate. C. How can the firm hedge this risk (be specific and detailed)?A Japanese firm has a contract to buy equipment from a US manufacturer for $2.20m in 30 days. The current spot rate is 110 JPY/USD. The Japanese firm has an asset/liability position in dollars. The Japanese firm faces the risk that the yen will appreciate/depreciate. How can the firm hedge this risk (be specific and detailed)?
- ABC Co. expects a payment from an American customer in 30 days. To hedge its currency exposure, ABC Co. shoulda. Sell dollars forward 30 days.b. Buy dollars forward 30 days.c. Sell pesos forward 30 days.d. Do nothing as there is no foreign exchange rate exposure for a 30 day time horizon.You have 1000000 CHF Assume the following exchange rates are quoted: Bank of America CHF/USD 1.56 Barclays Bank GBP/USD 1.71 Deutsche Bank GBP/CHF 1.13 Is triangular arbitrage possible? Describe the procedure step by step. What's the profit?1. Assume the following exchange rates for the New Zealand dollar in terms of the US dollar: North Bank: Bid price = $.401 Ask price = S.404 South Bank: Bid price = $.398 Ask price = S.400 a. Explain the steps involved in locational arbitrage using $1 million. b. What would be your profit?
- Bank of America is willing to buy or sell Canadian dollar for $.99. The bank is willing to buy or sell Nepalese rupee at an exchange rate of 97 rupee per dollar. The bank is willing to purchase Canadian dollar at an exchange rate of 1 rupee = .0104 Canadian dollars. Show how you can make a profit from triangular arbitrage. What would be your profit or loss if you had $16,000? What %?A friend of yours tells you that in Japan a specific Japanese treasury note matures for $1000 in two years can be bought or sold for $925. What is the annualized risk-free rate in this example? ) You happen to notice the same security can be purchased or sold domestically for $945, how do you arbitrage this position? How many times should you make this trade? How likely is it that your friend’s information is current and correct?Read the following information: American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); Indian national bank quotes a bid rate of $0.024 and an ask rate for $0.025. Locational arbitrage would involve _______. A. buying rupees from National Bank at the bid rate and selling them to American Bank at the ask rate B. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate C. buying rupees from American Bank at the ask rate and selling to National Bank at the bid rate D. buying rupees from American Bank at the bid rate and selling them to National Bank at the ask rate
