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International Finance Class Test Forex Quotations I30 Marks 1 Hour

Q.1 Explain the following Concepts: 10 Marks (2 Marks each)

(i) Nostro and Vostro Accounts (ii) Money Changers (iii) Vehicle Currency

(iv) Arbitrage (v) CHIPS

Q. 2 (a) Explain the structure of Global foreign exchange market 5 Marks

(b) USD EUR 0.6825 / 50 Spot 1 – month 40 / 80

USD ZAR 7.6820 / 900 Spot 1 – month 200 / 150

Calculate EUR ZAR 1 – month Outright Rate 5 Marks

Q. 3 (a) CitiBank: USD CAD 1.0425 / 1.0475 5 Marks

Scotia Bank: CAD USD 0.9510 / 0.9530

Calculate Arbitrage, if Any

(b) Spot USD INR 48 5 Marks

6 – m USD INR 47

(i) Calculate % forward margin.

(ii) Which currency is at discount?

(iii) Which Currency is strengthening?

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