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FINA 4500 Exam 2 Questions with 100% Correct Answers

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FINA 4500 Exam 2 Questions with 100% Correct Answers

Institution
FINA 4500
Course
FINA 4500

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FINA 4500 Exam 2 Questions with 100%
Correct Answers
How many USD does it take to buy one unit of foreign currency?

Direct Quote

How many foreign currency does it take to buy one US Dollar?

Indirect Quote

Percentage in point (PIP)

Smallest increment change in price for a currency

Converting USD into FC (using Direct Quote)

USD/DQ=FC

Converting USD into FC (using Indirect Quote)

USD x IQ=FC

Converting FC into USD (using Direct Quote)

FC x DQ=USD

Converting FC into USD (using Indirect Quote)

FC/IQ=USD

Ask Quote

Currency dealer's selling price

Bid Quote

Currency dealer's buying price

, Bid-Ask Spread (in%)

=100 x (Ask-Bid)/ Ask

Percentage Change: Direct Quotes

% change in DQ= 100 x (DQ1-DQ0)/ DQ0

DQ0 represents:

Direct quote, at the beginning of the period

DQ1 represents:

Direct quote, at the end of the period

Interpertation of Percentage Change: Direct Quotes

Measures appreciation or depreciation of the foreign currency, in terms of the USD. As seen

from the US viewpoint.

Percentage Change: Indirect Quotes

% change in IQ= 100 x (IQ1-IQ0)/ IQ0

IQ0 represents:

Indirect Quote, at the beginning of the period

IQ1 represents:

Indirect Quote, at the end of the period

Interpretation of Percentage Change: Indirect Quotes

Measures appreciation or depreciation of the USD, in terms of the foreign currency. As seen

from the foreign country's viewpoint.
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Uploaded on
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