Lecture on 29 October 2012 - Leeds School of Business

Here are some FX rates. 1.6150 - 1.6200 USD/GBP. 1.2920 – 1.2960 USD/EUR. 8.6500 – 8.8500 ZAR/USD. Here are some items that I might want to buy. 1 South African House 1,000,000 Rand. How many USD do I need to have to buy the house? You need to figure out which exchange rate to use. The easiest thing to do is to think about the round-trip. ................
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