国际金融习题(计算题).pdf

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1、学习必备欢迎下载国际金融计算题1、伦敦报价商报出了四种GBP/USD 的价格，我国外汇银行希望卖出英镑，最好的价格是多少？(C)A、1.6865 B、1.6868 C、1.6874 D、1.6866 2、一位客户希望买入日元，要求外汇银行报出即期USD/JPY的价格，外汇银行报出如下价格，哪一组使外汇银行获利最多？(A )A、102.25/35 B、102.40/50 C、102.45/55 D、102.60/70 3、如果你想出售美元，买进港元，你应该选择那一家银行的价格（A）A银行：7.8030/40 B银行：7.8010/20 C银行：7.7980/90 D银行：7.7990/98 4、

2、一位客户希望买入日元，要求外汇银行报出即期USD/JPY的价格，外汇银行报出如下价格，哪一组使外汇银行获利最多（B）A、88.55/88.65 B、88.25/88.40 C、88.35/88.50 D、88.60/88.70 5、某日本进口商为支付三个月后价值为2000 万美元的货款，支付2000 万日元的期权费买进汇价为$1=JPY200 的 美 元 期 权，到 期 日 汇 价 有 三 种 可 能，哪 种 汇 价 时 进 口 商 肯 定 会 行 使 权 利？（A）A、$1=JPY205 B、$1=JPY200 C、$1=JPY195 6、若伦敦外汇市场即期汇率为1=US$1.4608,3

3、个月美元远期外汇升水0.51 美分，则3个月美元远期外汇汇率为（D）A.1=US$1.4659 B.1=US$1.8708 C.1=US$0.9509 D.1=US$1.4557 7、下列银行报出USD/CHF、USD/JPY的汇率，你想卖出瑞士法郎，买进日元，问：银行USD/CHF USD/JPY A 1.4247/57 123.74/98 B 1.4246/58 123.74/95 C 1.4245/56 123.70/90-第 1 页，共 10 页精品p d f 资料 可编辑资料-学习必备欢迎下载D 1.4248/59 123.73/95 E 1.4249/60 123.75/85（1）

4、你向哪家银行卖出瑞士法郎，买进美元？（2）你向哪家银行卖出美元，买进日元？（3）用对你最有利的汇率计算的CHF/JPY的交叉汇率是多少？(1)C(2)E(3)交叉相除计算 CHF/JPY，卖出瑞士法郎，买进日元，为银行瑞士法郎的买入价，选择对自己最有利的价格是最高的那个买入价，此时得到的日元最多；8、某日国际外汇市场上汇率报价如下：LONDON 1GBP=JPY158.10/20 NY 2GBP=USD1.5230/40 TOKYO 1USD=JPY104.20/30 如用 1 亿日元套汇，可得多少利润？求出 LONDON 和 NY的套汇价为:1USD=JPY103.7402/103.8739

5、,可以看出这两个市场的日元比TOKYO 要贵,所以在这两个市场卖出日元,到 TOKYO 把日元换回来,可以得到利润.具体步骤是:在 LODON 卖日元,得到英镑,再到 NY卖出英镑,买进美元,然后将美元在TOKYO 换回日元.(1 亿/158.20)*1.5230*104.20=1.003亿(日元)利润为 30 万日元9、某日英国伦敦的年利息率是9.5%，美国纽约的年利息率是7%，当时 1GBP=USD1.9600 美元，那么伦敦市场 3 个月美元远期汇率是多少？$1=0.5102(f-e)/e=i-i*(f-0.5102)/0.5102=(9.5%-7%)*3/12 F($1)=0.5134

6、 10、下面例举的是银行报出的GBP/USD 的即期与远期汇率：银行A B C-第 2 页，共 10 页精品p d f 资料 可编辑资料-文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H

7、1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9

8、I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U

9、1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I

10、5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3

11、F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S

12、4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8学习必备欢迎下载即期1.6830/40 1.6831/39 1.6832/42 3 个月39/36 42/38 39/36 你

13、将从哪家银行按最佳汇率买进远期英镑？远期汇率是多少？3 个月远期汇率:A银行:1.6791/1.6804 B银行:1.6789/1.6801 C银行:1.6793/1.6806 从 B银行买进远期英镑,远期汇率为1.6801,最便宜11、美国某公司从日本进口了一批货物，价值1,136,000,000日元。根据合同规定，进口商在3 个月后支付货款。由于当时日元对美元的汇率呈上升的趋势，为避免进口付汇的损失，美国进口商决定采用远期合同来防范汇率风险。纽约外汇市场的行情如下：即期汇率USD1=JPY141.00/142.00 三个月的远期日元的升水JPY0.5-0.4 请问：（1）通过远期外汇合同进

14、行套期保值，这批进口货物的美元成本是多少？（2）如 果 该 美 国 进 口 商 未 进 行 套 期 保 值，3 个 月 后，由 于 日 元 相 对 于 美 元 的 即 期 汇 率 为USD1=JPY139.00/141.00，该进口商的美元支出将增加多少？三个月远期汇率：USD1=JPY140.5-141.6（1）远期买入日元，卖出美元，1136000000/140.5=8085409（美元）（2）如果不进行套期保值，则按照三个月后的即期汇率买进日元，美元成本=1136000000/139=8172661 8172661-8085409=87252（美元）12、假定在某个交易日，纽约外汇市场上

15、美元对德国马克的汇率为：即期汇率为USD1.00=DEM1.6780/90 三个月的远期汇率为USD1.00=DEM1.6710/30 试计算：（1）三个月的远期汇率的升贴水（用点数表示）；（2）将远期汇率的汇差折算成年率。（1）德国马克三个月远期点数70/60（2）先求中间汇率即期汇率的中间汇率：1.6785 三个月远期汇率的中间汇率：1.6720-第 3 页，共 10 页精品p d f 资料 可编辑资料-文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1

16、Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5

17、H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F

18、9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4

19、U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4

20、I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N

21、3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8

22、S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8学习必备欢迎下载汇水折年率=（1.6785-1.6720）/1.6785*12/3=1.55%13、新加坡进口商根据合同进口一批货物，一个月后须支付货款10 万美元；他将这批货物转口外销，预计3 个月后收回以美元计价的货款。为避免风险，如何进行操作？新加坡外汇市场汇率如下：1 个月期美元汇率：USD1=SGD（1.8213-1.8243）3 个月期美元汇率：USD1=SGD（1.8218-1.8248）以 1.8243 的价格买进1 个月远期美元，

23、以1.8218 的价格卖出3 个月远期美元14、如果你是银行，你向客户报出美元/港元汇率7.8000/10，客户要以港元向你买进100 万美元。请问：（1）你应给客户什么汇价？（2）如果客户以你的上述报价，向你购买了500 万美元，卖给你港元。随后，你打电话给一经纪想买回美元平仓，几家经纪的报价是：经纪 A：7.8030/40 经纪 B：7.8010/20 经纪 C：7.7980/90 经纪 D：7.7990/98 你该同哪一个经纪交易对你最为有利？汇价是多少？（1）7.8010（2）你买进美元，即经纪卖出美元，为美元的卖出价；对你来说，价格越低越好，经纪 C的报价（7.7990）对你最有利；

24、15、设法国某银行的即期汇率牌价为：$/F.Fr6.2400-6.2430，3 个月远期差价为：360-330，问：（1）3 个月远期的$/F.Fr汇率？（2）某商人如卖出3 个月远期10000 美元，可换回多少3 个月远期法国法郎？（3）按上述即期外汇牌价，如我公司机械出口部出口一批机床，原报价每台机床法国法郎30000，现法国进口商要求我改用美元向其报价，则我应报多少？为什么？（4）如上述机床出口，预计3 个月后才能收汇，那么我方对其出口报价应如何调整，为什么？（1）6.2040-6.2100（2）商人卖出远期美元，为美元的买入价6.2040，换回 10000*6.2040=620400（

25、法郎）16、某进口商进口日本设备,六个月后交付须付6250 万日元,即期美元/日元为 97.50/60.为防范汇率风险,-第 4 页，共 10 页精品p d f 资料 可编辑资料-文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:

26、CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10

27、HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 Z

28、D6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编

29、码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L1

30、0 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6

31、 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8学习必备欢迎下载该进口商以3000 美元的保险费买进汇价为98.50 的欧式期权,六

32、个月后该进口商在下述情况下应按约买卖还是弃约?为什么?请计算说明.并指出日元即期汇率到多少执行期权能盈利。(1)市场汇率:98.55/65(2)市场汇率:98.50/60(3)市场汇率:98.40/50（1）进口商买进买入日元，卖出美元的期权，则在（1）条件下，六个月后日元汇价贬值，放弃期权，直接按照98.55 的价格到即期市场买入日元（2）价格一样，可选择执行（3）六个月后日元升值，执行期权，按照 98.50 的价格买入日元，卖出美元，比那时的即期汇价98.4更便宜。（4）6250/（6250/98.5+0.3）=98.04，即日元涨到98.04 以下执行期权能赢利17、某投机商预计二个月后

33、德马克将上涨，按协定汇率DM1.7/$购入马克12.5 万，价格为每马克0.01$，共支付 1250$两个月后：汇率如预测：$1=DM1.6 执行期权的盈利是多少？执行期权支付美元12.5 万/1.7=7.3529万$，如果在市场上卖出支付美元12.5 万/1.6=7.8125万$，所以执行期权比不执行期权要少花费：7.8125 7.3529 0.125=3.346（万$）18、银行报价：美元/德国马克：1.6450/60 英镑/美元：1.6685/95（1）、英镑/马克的套汇价是多少？（2）、如果某公司要以英镑买进马克，则银行的报价是多少？（1）英镑/马克汇价2.7447/2.7480（2）

34、2.7447 19、已知外汇市场的行情为：US$=DM1.4510/20 US$=HK$7.7860/80 求 1 德国马克对港币的汇率。-第 5 页，共 10 页精品p d f 资料 可编辑资料-文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3

35、F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S

36、4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O

37、4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6

38、N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH

39、8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI

40、7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8学习必备欢迎下载 1DM=HK$5.3623/5.3673 20、

41、银行报价：美元/德国马克：1.6450/60 英镑/美元：1.6685/95（1）、英镑/马克的套汇价是多少？（2）、如果某公司要以英镑买进马克，则银行的报价是多少？（3）、如果你手中有100 万英镑，英国的银行一年期利率为2%，德国为 3%；银行的英镑/马克的一年期远期汇率报价为2.7420/2.7430；请比较投资于两国的收益大小，并指出英镑/马克的远期汇率的变动趋势。（1）英镑/马克的套汇价2.7447/2.7480（2）2.7447（3）投资英国：100 万*（1+2%）=102 万（英镑）投资美国：100 万*2.7447*（1+3%）/2.7430=103.06（英镑）100万*（

42、1+2%）=100 万*2.7447*（1+3%）/F F=2.7716 21、去年 12 月底，美国某进口商从英国进口一批农产品，价值300 万英镑，6 个月后支付货款，为防止6个月后英镑升值，进口商购买了IMM期货，进行套期保值，汇率如下表，请计算套期盈亏并进行解释；现货市场期货市场12 月底1 GBP=$1.5235 1 GBP=$1.5260 现在1 GBP=$1.5255 1 GBP=$1.5290 现货市场：亏损300*（1.5255-1.5235）=0.6 万美元期货市场：盈利300*（1.5290-1.5260）=0.9 万美元总盈余 0.9-0.6=0.3万美元22、假定某日

43、外汇市场美元对人民币的汇率为：即期汇率为8.2710/20，三个月远期汇率为8.2830/50，折年率为多少？先求中间汇率：即期汇率中间汇率=（8.2710+8.2720）/2=8.2715 3 个月远期汇率的中间汇率=（8.2830+8.2850）/2=8.2840 折年率=（8.2840-8.2715）/8.2715）*12/3=0.6%-第 6 页，共 10 页精品p d f 资料 可编辑资料-文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L1

44、0 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6

45、 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文

46、档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7

47、L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1

48、X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I

49、8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1

50、Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8文档编码:CH8S4U1Q7L10 HI7O4I5H1X6 ZD6P6N3F9I8学习必备欢迎下载23、假定一个会员公司在伦敦国际金融期货交易所购买了一份FTSE100 股票价格指数期货合约，每一指数点定义为25 英镑。初始保证金为2500 英镑，进一步假定该合约于周一购买，价格为2525 点，从周一到周四的每日清算价格为2550、2535、2560、2570 点，周五该合约以2565 点的价位清仓。请计算从周一到周四的保证金变化金额（该会员公司每次有浮动赢余都将其留在保证金帐户中）以及这笔期货交易的最终赢余（或亏损）金额。周一：250