0 deepanshu kPro Asked: July 1, 20222022-07-01T12:44:33+05:30 2022-07-01T12:44:33+05:30In: Economics (CFA L2) Can anyone help me with this sum. How do we solve this not able to recollect 0 . Share Sorry, you do not have permission to answer to this question. 1 Answer Oldest Himanshu Shah Pro 2022-07-01T13:06:01+05:30Added an answer on July 1, 2022 at 1:06 pm This answer was edited. Is the answer B ? JPY/AUD cross rates would be 87.3975/86.424 Convert 100 JPY into AUD = 100/87.3975 = 1.1442 AUD after 1 year = 1.1445 + 4.5% = 1.1957 Convert AUD into JPY = 1.1957 * 86.424 = 103.336 Return = 103.336-100.1/100.1 = 3.23%
Is the answer B ?
JPY/AUD cross rates would be 87.3975/86.424
Convert 100 JPY into AUD = 100/87.3975 = 1.1442
AUD after 1 year = 1.1445 + 4.5% = 1.1957
Convert AUD into JPY = 1.1957 * 86.424 = 103.336
Return = 103.336-100.1/100.1 = 3.23%