tailieunhanh - Lecture Multinational financial management - Topic 3: Retail foreign exchange transactions: bid-ask, cross rates, credit and debit transactions

Lecture Multinational financial management - Topic 3: Retail foreign exchange transactions: bid-ask, cross rates, credit and debit transactions. In this chapter, the learning objectives are: Students will be able to understand convert currencies using bid and ask quotations; calculate the total cost of using cash, credit or debit in forex transactions. | Topic #3: Retail Foreign Exchange Transactions: Bid-Ask, Cross Rates, Credit and Debit Transactions L. Gattis The Pennsylvania State University Finance 407: Multinational Financial Management 1 Learning Objectives 2 Students can convert currencies using bid-ask quotations cross rate calculations Students can calculate the total cost of using cash, credit or debit in forex transactions Review 3 Suppose the USDCAD is C$$. How many USD can you buy for C$100? $ $120 Review 4 Suppose the kroner exchange rate changes from Kr4/$ to $. What is the appreciation of the kroner? + + Bid – Ask Exchange Rates 5 Travelex or American Express currency offices at the airport use one exchange rate for buying and one for selling. Listed below are the Travelex USD rates for 8/10/2010 British Pound Travelex: $ – $ Danish Kroner Travelex : – Customer buys pounds (selling dollars) at this price Customer buys dollars (selling kroner) at this . | Topic #3: Retail Foreign Exchange Transactions: Bid-Ask, Cross Rates, Credit and Debit Transactions L. Gattis The Pennsylvania State University Finance 407: Multinational Financial Management 1 Learning Objectives 2 Students can convert currencies using bid-ask quotations cross rate calculations Students can calculate the total cost of using cash, credit or debit in forex transactions Review 3 Suppose the USDCAD is C$$. How many USD can you buy for C$100? $ $120 Review 4 Suppose the kroner exchange rate changes from Kr4/$ to $. What is the appreciation of the kroner? + + Bid – Ask Exchange Rates 5 Travelex or American Express currency offices at the airport use one exchange rate for buying and one for selling. Listed below are the Travelex USD rates for 8/10/2010 British Pound Travelex: $ – $ Danish Kroner Travelex : – Customer buys pounds (selling dollars) at this price Customer buys dollars (selling kroner) at this price Bid-Ask Quotations 6 How many Kroner can you buy for $100? Since you are buying Kroner and Selling Dollar – Use USD Bid $100 x “USD Bid” ($) = Kr492 Alternative rule: Customer always loses – gets less, pays more $100 x “Lowest Rate” ($) = Kr492 Bid Kr $ – Ask Kr $ Price to Sell $ / Buy Kr Price Buy $ / Sell Kr Bid (Low) Price of $ Ask (High) Price of $ Bid-Ask Quotations 7 How many kroner will it cost to buy $100? Since you are buying USD and Selling kroner – Use USD ask $100 x “USD ask” ($) = Kr630 Alternative rule: Customer always loses – gets less, pays more $100 x “Highest Rate” ($) = Kr630 Bid Kr $ – Ask Kr $ Price to Sell $ / Buy Kr Price Buy $ / Sell Kr Bid (Low) Price of $ Ask (High) Price of $ Bid-Ask and Direct-Indirect Conversions 8 1/Indirect Bid = Direct Ask 1/Indirect Ask = Direct Bid Bid Kr – Ask Kr / $ Bid $ 1/ – Ask $ 1/ / Kr Bid $ .1587 – Ask $ .2033 / Kr Price to Sell $, Buy Kr Price to Sell Kr, .

• Tài chính doanh nghiệp
• Financial management
• Multinational financial management
• Quản lý tài chính
• Quản lý tài chính đa quốc gia
• Multinational finance
• Retail foreign exchange transactions
• Financial statement
• International trade transactions
• Fundamentals of financial management
• Financial statement analysis
• International financial management
• Exchange rates
• Financial environments
• Overview of Financial Management and the Financial Environment
• The financial environment
• Forms of business organization
• Determinants of stock pricing
• Financial instruments
• Practical financial management
• Financial background
• Financial statements
• Financial planning
• Financial system
• Financial ratio
• IT financial management
• Setting the scene
• IT financial management maturity
• Parameters influencing IT financial management
• Costs of IT financial management
• More quantifiable benefits
• Overview of roles
• Hospitality financial management
• Hospitality industry management
• Analysis of financial reports
• Analyzing financial statements
• Management decision making
• Foundations of financial management
• Review of accounting
• Financial analysis
• Financial forecasting
• The financing decision
• Financial leverage
• Current asset management
• Paper F7
• Revision kit 2016
• Management Financial
• Financial Management Exam Review
• Review of Financial Management
• Study text 2016
• Lecture Multinational financial management
• International financial reporting standards
• Foreign exchange risk management
• Financing decisions
• Investment decisions
• Role of management
• International cash management
• Cash flow analysis
• Centralized cash management
• Intermediate financial management
• Financial options
• Corporate valuation
• Corporate governance
• Financial markets
• Cash flow
• Analysis of financial statements
• Ratio analysis
• Interest rates
• Financial institutions
• Forecasting sales
• Business environment
• Limited liability company
• Common size analysis
• Statement analysis
• Break even analysis
• Break even point