开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

toffee · 2023年05月16日

这样写就客户以吧?

* 问题详情,请 查看题干

NO.PZ201601050100000101

问题如下:

1. Analyze the movement of the USD against the foreign currency for Portfolio A. Justify your choice.

选项:

解释:

Justification

The 19.5% domestic-currency return for Portfolio A is higher than the 15% foreign-currency portfolio return in GBP; therefore, the USD necessarily depreciated relative to the GBP.

The domestic-currency return on a foreign portfolio will reflect both the foreign-currency return on the portfolio and the percentage movements in the spot exchange rate between the domestic and foreign currency. The domestic-currency return is multiplicative with respect to these two factors:

RDC = (1 + RFC)(1 + RFX) 1

where RDC is the domestic-currency return (in percent), RFC is the foreign-currency return of the asset (portfolio), and RFX is the percentage change of the foreign currency against the domestic currency. (Note that in the RFX expression the domestic currency the USD in this case is the price currency.)

Solving for RFX: (1 + 15%)(1 + RFX) 1 = 19.50%; RFX = 3.91%

Thus, the USD depreciated relative to the GBP. That is, the GBP appreciated against the USD because RFX is quoted in terms of USD/GBP, with the USD as the price currency and GBP as the base currency, and in this example RFX is a positive number (3.91%).

中文解析:

本小题考察的是外汇投资中return的计算公式:RDC = (1 + RFC )(1 + RFX ) – 1

根据题干信息可知,Rdc=19.5%,Rfc=15%,根据公式RDC = (1 + RFC)(1 + RFX) – 1 得到Rfx是大于0的,具体数值是3.91%,其中Rfx的汇率表达形式是本币/外币即USD/GBP,因此Rfx大于0,意味着GBP升值,对应的就是USD贬值。

19.5%=(1+0.15)x(1+R(FX1))-1

R(FX1)=3.91%

USD is depreciated against GBP

因为我自己心里知道谁是pricing 谁是base ,有必要一定描述下吗?

1 个答案

pzqa31 · 2023年05月17日

嗨,爱思考的PZer你好:


USD is depreciated against GBP已经说明USD贬值,GBP升值了,或者你写成GBP/USD的标价形式,就代表USD是base currency了,这种情况下就不用特别说明了。不过具体还是要看题目,如果确实有需要的时候再说明。

----------------------------------------------
努力的时光都是限量版,加油!

  • 1

    回答
  • 0

    关注
  • 322

    浏览
相关问题

NO.PZ201601050100000101 问题如下 1. Analyze the movement of the USagainst the foreign currenfor Portfolio Justify your choice. Justification The 19.5% mestic-currenreturn for Portfolio A is higher ththe 15% foreign-currenportfolio return in GBP; therefore, the USnecessarily preciaterelative to the GBP. The mestic-currenreturn on a foreign portfolio will refleboth the foreign-currenreturn on the portfolio anthe percentage movements in the spot exchange rate between the mestic anforeign currency. The mestic-currenreturn is multiplicative with respeto these two factors: R = (1 + RFC)(1 + RFX) – 1 where R is the mestic-currenreturn (in percent), RFC is the foreign-currenreturn of the asset (portfolio), anRFX is the percentage change of the foreign currenagainst the mestic currency. (Note thin the RFX expression the mestic curren — the USin this case — is the pricurrency.) Solving for RFX: (1 + 15%)(1 + RFX) – 1 = 19.50%; RFX = 3.91% Thus, the USpreciaterelative to the GBP. This, the Gappreciateagainst the USbecause RFX is quotein terms of USGBP, with the USthe pricurrenanGthe base currency, anin this example RFX is a positive number (3.91%).中文解析本小题考察的是外汇投资中return的计算公式R = (1 + RFC )(1 + RFX ) – 1根据题干信息可知,R=19.5%,Rfc=15%,根据公式R = (1 + RFC)(1 + RFX) – 1 得到Rfx是大于0的,具体数值是3.91%,其中Rfx的汇率表达形式是本币/外币即USGBP,因此Rfx大于0,意味着GBP升值,对应的就是US值。 这道题一定要算出具体数值吗?我的回答如下没有列出公式,请问是否可以》USrelative to foreign-currenis preciateThe return of portfolio A is containe2 returns, return of foreign-currenportfolio anreturn of foreign currenexchange rate. Because the return of portfolio A is 19.5%, whiis higher ththe return of foreign-currenportfolio. Thus, the return of foreign currenexchange rate is positive, whimeans the foreign curren(GBP) appreciates anthe mestic curren(US preciates.

2024-05-29 22:53 1 · 回答

NO.PZ201601050100000101 问题如下 1. Analyze the movement of the USagainst the foreign currenfor Portfolio Justify your choice. Justification The 19.5% mestic-currenreturn for Portfolio A is higher ththe 15% foreign-currenportfolio return in GBP; therefore, the USnecessarily preciaterelative to the GBP. The mestic-currenreturn on a foreign portfolio will refleboth the foreign-currenreturn on the portfolio anthe percentage movements in the spot exchange rate between the mestic anforeign currency. The mestic-currenreturn is multiplicative with respeto these two factors: R = (1 + RFC)(1 + RFX) – 1 where R is the mestic-currenreturn (in percent), RFC is the foreign-currenreturn of the asset (portfolio), anRFX is the percentage change of the foreign currenagainst the mestic currency. (Note thin the RFX expression the mestic curren — the USin this case — is the pricurrency.) Solving for RFX: (1 + 15%)(1 + RFX) – 1 = 19.50%; RFX = 3.91% Thus, the USpreciaterelative to the GBP. This, the Gappreciateagainst the USbecause RFX is quotein terms of USGBP, with the USthe pricurrenanGthe base currency, anin this example RFX is a positive number (3.91%).中文解析本小题考察的是外汇投资中return的计算公式R = (1 + RFC )(1 + RFX ) – 1根据题干信息可知,R=19.5%,Rfc=15%,根据公式R = (1 + RFC)(1 + RFX) – 1 得到Rfx是大于0的,具体数值是3.91%,其中Rfx的汇率表达形式是本币/外币即USGBP,因此Rfx大于0,意味着GBP升值,对应的就是US值。 根据这句话”Portfolio A anPortfolio B are managein the UniteStates anperformanis measurein terms of the US ll(US. Portfolio A consists of British poun(GBP) nominatebon anPortfolio B hol euro (EUR) nominatebon\",得出了/FC是USGor EUR,请问对吗?又根据题目USagainst GBP得到题目的格式是GBP/US请问against前面是base currency,against后是pricing currency,格式是pricing currency/base currency这个结论通用吗?

2023-08-30 12:36 1 · 回答

NO.PZ201601050100000101 问题如下 1. Analyze the movement of the USagainst the foreign currenfor Portfolio Justify your choice. Justification The 19.5% mestic-currenreturn for Portfolio A is higher ththe 15% foreign-currenportfolio return in GBP; therefore, the USnecessarily preciaterelative to the GBP. The mestic-currenreturn on a foreign portfolio will refleboth the foreign-currenreturn on the portfolio anthe percentage movements in the spot exchange rate between the mestic anforeign currency. The mestic-currenreturn is multiplicative with respeto these two factors: R = (1 + RFC)(1 + RFX) – 1 where R is the mestic-currenreturn (in percent), RFC is the foreign-currenreturn of the asset (portfolio), anRFX is the percentage change of the foreign currenagainst the mestic currency. (Note thin the RFX expression the mestic curren — the USin this case — is the pricurrency.) Solving for RFX: (1 + 15%)(1 + RFX) – 1 = 19.50%; RFX = 3.91% Thus, the USpreciaterelative to the GBP. This, the Gappreciateagainst the USbecause RFX is quotein terms of USGBP, with the USthe pricurrenanGthe base currency, anin this example RFX is a positive number (3.91%).中文解析本小题考察的是外汇投资中return的计算公式R = (1 + RFC )(1 + RFX ) – 1根据题干信息可知,R=19.5%,Rfc=15%,根据公式R = (1 + RFC)(1 + RFX) – 1 得到Rfx是大于0的,具体数值是3.91%,其中Rfx的汇率表达形式是本币/外币即USGBP,因此Rfx大于0,意味着GBP升值,对应的就是US值。 Record

2023-01-01 00:59 1 · 回答

NO.PZ201601050100000101问题如下 1. Analyze the movement of the USagainst the foreign currenfor Portfolio Justify your choice. Justification The 19.5% mestic-currenreturn for Portfolio A is higher ththe 15% foreign-currenportfolio return in GBP; therefore, the USnecessarily preciaterelative to the GBP. The mestic-currenreturn on a foreign portfolio will refleboth the foreign-currenreturn on the portfolio anthe percentage movements in the spot exchange rate between the mestic anforeign currency. The mestic-currenreturn is multiplicative with respeto these two factors: R = (1 + RFC)(1 + RFX) – 1 where R is the mestic-currenreturn (in percent), RFC is the foreign-currenreturn of the asset (portfolio), anRFX is the percentage change of the foreign currenagainst the mestic currency. (Note thin the RFX expression the mestic curren — the USin this case — is the pricurrency.) Solving for RFX: (1 + 15%)(1 + RFX) – 1 = 19.50%; RFX = 3.91% Thus, the USpreciaterelative to the GBP. This, the Gappreciateagainst the USbecause RFX is quotein terms of USGBP, with the USthe pricurrenanGthe base currency, anin this example RFX is a positive number (3.91%).中文解析本小题考察的是外汇投资中return的计算公式R = (1 + RFC )(1 + RFX ) – 1根据题干信息可知,R=19.5%,Rfc=15%,根据公式R = (1 + RFC)(1 + RFX) – 1 得到Rfx是大于0的,具体数值是3.91%,其中Rfx的汇率表达形式是本币/外币即USGBP,因此Rfx大于0,意味着GBP升值,对应的就是US值。 rA/rB大于1,F/S大于1,所以GBP升值,可以这样回答吗

2022-05-12 15:22 1 · 回答