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multi lateral netting

This topic has 3 replies, 2 voices, and was last updated 5 years ago by John Moffat.

Viewing 4 posts - 1 through 4 (of 4 total)

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September 21, 2019 at 8:08 am #546809
sharon1507
Participant
- Topics: 1
- Replies: 13
Dear John, can you please help me
In a question there is the spot rate for CAD1.570/Pound and JPY132.75/Pound. A Japanese company has to pay a canadian company CAD3.2M.
How do i calculate the spot rate for conversion.
Thank you
September 21, 2019 at 11:42 am #546854
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
1 Pound = 1.570 CAD
1 Pound = 132.75 JPY
Therefore, 1.570 CAD = 132.75 JPY
Therefore 1 CAD = 132.75/1.570 JPY = 84.554 JPY
(So 3.2M CAD = 3.2M x 84.554 JPY)
September 21, 2019 at 12:47 pm #546881
sharon1507
Participant
- Topics: 1
- Replies: 13
noted. thank you very much
September 21, 2019 at 2:41 pm #546901
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
You are welcome 🙂
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