QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

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Accounting,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 357 Weeks Ago, 1 Day Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 05 Jun 2017 My Price 9.00

global finance 666

Question description

 

 

You have following information on exchange rate:

Date

USD/GBP

HKD/USD

Jan 2010

1.78

7.7

Mar 2010

1.90

7.75

For the period of 01/2010 to 03/2010, which of the following statement is correct?

A. GBP appreciates against USD and HKD depreciates against USD

B. GBP depreciates against USD and HKD appreciates against USD

C. USD appreciate against both GBP and HKD

D. None of the above

 

 

 

 

Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062
If you have HKD1,000,000 and you try triangular arbitrage, which is the correct way of trade:

A. HKD==>USD==>JPY

B. HKD==> à USD==> à JPY==> à HKD

C. HKD==> à JPY ==>à USD

D. HKD à==> JPY ==>à USD ==>à HKD

 

Answers

QuickHelper
(10)
Status NEW Posted 05 Jun 2017 02:06 PM My Price 9.00

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