Question

How does a surplus or a shortage affect the market price?

Foreign Exchange Rates

The Ecuadorian Sucre is trading for $0.000425 today and you are redeeming an Ecuadorian one-year bill that you purchased one year ago when the Sucre was at $0.0005. Calculate the U.S. dollar rate of return on this Ecuadorian one-year bill if you purchased it for 8,000,000 Sucre and will redeem it for 10,000,000 Sucre. What was the return to an Ecuadorian investor?

Foreign Currency Exchange

When the Euro was first issued it hit the market at $1.17/€ on 1 Jan 2001. Today it is trading for $1.0625. a. What was the Euro price of the dollar when the Euro debuted? b. What has been the appreciation or depreciation of the EURO since it’s debut? c. What has been the average annualized appreciation or depreciation of the US dollar relative to the Euro since the Euro debuted?

Foreign Exchange Rates

When I was in Mexico in 1998, the hotel room costs MP950 per night. Today the same room costs MP1050. During the same period the exchange rate went from MP12.56/$ to MP 8.9340/$.

Foreign Exchange Rates

In 1998, the Russian ruble depreciated 54% against the Deutschmark. How much did the Deutschmark appreciate against the Ruble?