Chat with us, powered by LiveChat International Finance , two questions | WriteMoh

International Finance , two questions

Question Description

need answer for those two questions less than 4 hours from now,


  1. The exchange rate quotations are as follows on September 22, 2011:

$1 = 13.8791 Mexican pesos

1 Mexican peso = 0.0535 Euros

You are planning to study abroad in Italy next Spring and need to purchase 10,000 Euros with U.S. dollars. How many U.S. dollars will you need for your stay in Italy?

Q 2

Baylor Bank believes the New Zealand dollar will appreciate over the next five days from $.78 to $.80. The following annual interest rates apply:

Currency Lending Rate Borrowing Rate

Dollars 7.10% 7.50%

New Zealand dollar (NZ$) 6.80% 7.25%

Baylor Bank has the capacity to borrow $5 million. If Baylor Bank’s forecast is correct, what will its dollar profit be from speculation over the five‑day period?


Be sure to provide explanations to short essay questions and show your work for calculations. Simple answers like “go up” or “go down” only earn you partial credit.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Do you need an answer to this or any other questions?

Have an assignment?

We are here to help you

Why we are the best

  •  High quality services
  •  On time delivery
  •  Professional writers
  •  Plagiarism free essays
  •  24/7 Customer Support
  • Satisfaction guarantee

Secure Payments