quote for U.S. dollars | My Assignment Tutor

Workshop FX Suppose that the quote for U.S. dollars in London (GBP/USD) is 0.5028, what is the quote for British Pounds in New York (USD/GBP)? Suppose that the quote for GBP in New York is 1.9036-40 USD/GBP. What would be the equivalent quote for U.S. dollar in London? If HKD/GBP is trading at 12.916 and NZD/GBP at 2.143, what is the cross rate of HKD/NZD? The spot dollar-pound rate is $1.30/£1 and spot rate one year before was $1.33/£1. Calculate the percentage appreciation or depreciation of sterling against the US$ over the previous year. Solutions to FX Suppose that the quote for U.S. dollars in London (GBP/USD) is 0.5028, what is the quote for British Pounds in New York (USD/GBP)? 1 / 0.5028=1.989 USD/GBP Suppose that the quote for GBP in New York is 1.9036-44 USD/GBP. What would be the equivalent quote for U.S. dollar in London? 1/1.9036=0.5253 GBP / USD 1/1.9044=0.5251 GBP / USD 0.5251–53 GBP / USD If HKD/GBP is trading at 12.916 and NZD/GBP at 2.143, what is the cross rate of HKD/NZD?/2.143=6.027 HKD/NZD The spot dollar-pound rate is $1.30/£1 and spot rate one year before was $1.33/£1. Calculate the percentage appreciation or depreciation of sterling against the US$ over the previous year. GBP depreciate against the US$ over the past year as for the same amount of pound, it is now worth 0.03 fewer US$. Percentage depreciation of GBP against US$ = (1.30-1.33) / 1.33 = -2.26%.

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