Foreign Exchange Department & International Finance Accounting Assignment Help
- Country :
Canada
Assignment Task
Task
In foreign exchange of two currencies, there are two difference type of quotes, namely, the 'Direct quotation' and the 'Indirect quotation".
Instruction
a) Provide a detailed explanation of the two types of quotes and highlight the difference.
b) Using the convention of exchange rate pairings, provide quantitative examples for each type of quotation using U.S. dollar (USD) and Canadian dollar (CAD) pairing
Your are the newly hired Manager of an MNC in charge of the foreign exchange department. The V. P. Finance would like you to prepare a memo to the Board of Director (BOD), explaining the concept of "Interest Rate Parity".
Instruction
a) Prepare a memo to the BOD, providing an in-depth explanation of the Interest Rate Parity and it's potential to the operation of their Mumbai operation.
b) In the memo, also include quantitively examples using the two currencies of Canadian dollar and Indian Rupee. .
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