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WorksheetsSPOT TRANSACTION
Total questions: 15
Worksheet time: 23mins
The foreign exchange market is a place where foreign currency is purchased and sold.
TRUE
FALSE
The foreign exchange market is a place where COMMODITY is purchased and sold.
TRUE
FALSE
Trading in foreign exchange occurs 24 hours a day – as the day progresses, different banks are on- and off-line.
TRUE
FALSE
The spot rate is the rate at which a foreign exchange trade can be immediately transacted.
TRUE
FALSE
A spot transaction is one in which foreign currencies are purchased and sold for [….] delivery
IMMEDIATE
FORWARD
USANCE
2 DAYS
One Viet Namese importer has to pay a bill for one Swiss company in CHF. What exchange rate will the bank apply for the importer?
CHF/VND: BID RATE
CHF/VND: ASK RATE
VND/CHF: ASK RATE
VND/CHF: BID RATE
One Viet Namese Exporter recceive payment from Swiss company in CHF. What exchange rate will the bank apply for the Exporter when they buy VND?
CHF/VND: BID
CHF/VND: ASK
VND/CHF: BID
VND/CHF: ASK
GBP/USD = 1.5682 – 1.5951
USD/VND = 20,800 – 20,860
➔ GBP/VND = BID / ASK
32,618.75
33,274.54
32.51875
33.57454
USD/GBP = 0.86– 0.92
USD/VND = 20,800 – 20,860
➔ GBP/VND = BID / ASK
GBP/VND = 22.608,69 / 24.255,81
GBP/VND = 22,608.69 / 24,255.81
GBP/VND = 22608.69 / 24255.81
GBP/VND = 22,609 / 24,256
SUPPOSE THE PAIR CURRENCY FOLOWING:
EUR/USD: 1.2815-1.2885
GBP/USD: 1.8421-1.8496
GBP/EUR = 0.6929 / 0.6995
GBP/EUR = 1.4297 / 1.4433
GBP/EUR = 1,4297 / 1,4433
GBP/EUR = 0,6929 / 0,6995
AUD/USD: 0.7481-0.7506
USD/JPY: 106.28-106.73
JPY/AUD = 79,508 / 80,112
JPY/AUD = 0,0125 /0,0126
JPY/AUD = 79.908 / 79.774
JPY/AUD = 79.508 / 80.112
USD/VND = 23,490 / 23,650
Customer A contacts with MB BANK to sell 6,000 USD . How much VND does customer A get?
140,940,000
141.900.000
140,940,000
141,900,000
Customer D contacts with ACB to sell 15,530 AUD. How much EUR does customer D get?
EUR/USD = 1.2815 / 1.2818
AUD/USD = 0.7481 / 0.7486
26,609
9.064
9,064
9,071
Customer B contacts with ACB to buy 9,960 USD. How much GBP does customer B pay? GBP/USD = 1,8421 / 1,8426
5406.87
18347.32
18352.29
5,405.41
Customer B contacts with ACB to buy 100,000 JPY. How much USD does customer B pay? USD/JPY = 106.68 / 106.73
10,673,000
936,94
10,668,000
937,383
