12. The table below shows the number of Australian dollars, Hong Kong dollars and the Thai Baht buying a unit of the Euro and a unit of the US dollar. Using the information and the concept of cross rates, calculatei. the number of the Thai Baht which will be needed to buy supplies from Australia costing AU$ 50,000. ii. The number of Euros needed to buy one US dollar AU Dollar Hong Kong $Thai BahtEuro 1.00 EUR1.678.2638.36US Dollar 1.00 US$1.587.8236.35

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter7: International Arbitrage And Interest Rate Parity
Section: Chapter Questions
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12. The table below shows the number of Australian dollars, Hong Kong dollars and the Thai Baht buying a unit of the Euro and a unit
of the US dollar. Using the information and the concept of cross rates, calculatei. the number of the Thai Baht which will be needed to
buy supplies from Australia costing AU$ 50,000. ii. The number of Euros needed to buy one US dollar AU Dollar Hong Kong $Thai
BahtEuro 1.00 EUR1.678.2638.36US Dollar 1.00 US$1.587.8236.35
Transcribed Image Text:12. The table below shows the number of Australian dollars, Hong Kong dollars and the Thai Baht buying a unit of the Euro and a unit of the US dollar. Using the information and the concept of cross rates, calculatei. the number of the Thai Baht which will be needed to buy supplies from Australia costing AU$ 50,000. ii. The number of Euros needed to buy one US dollar AU Dollar Hong Kong $Thai BahtEuro 1.00 EUR1.678.2638.36US Dollar 1.00 US$1.587.8236.35
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