Assume the following information for a bank quoting on spot exchange rates: Value of Singapore dollar in U.S. $ – $0.6098/5$ Value of pound in U.S. S – $1.8828/E Value of pound in Singapore dollars -$$3.0052/E (a) Calculate the appropriate cross rate of pound in Singapore dollars. (b) is the pound overpriced or underpriced relative to Singapore dollar? Why?

Sep 8, 2023

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Assume the following information for a bank quoting on spot exchange rates: Value of Singapore dollar in U.S. $ – $0.6098/5$ Value of pound in U.S. S – $1.8828/E Value of pound in Singapore dollars -$$3.0052/E (a) Calculate the appropriate cross rate of pound in Singapore dollars. (b) is the pound overpriced or underpriced relative to Singapore dollar? Why?
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