Challenges1. Fill out The below table* Todays Exchange rates for the Indian Rupee Previous close Todays High Todays Low Change on Day GBP USD EUR YEN2. A trader buys Rupees with £15,000 Sterling at ‘Todays High’ rate. What is the maximum amount of Yen the trader could buy with these Rupees on this trading day?3. On the 02/06/2008 a trader executes a carry trade shorting $600,000 USD and investing the proceeds in an equal weighted basket of currencies consisting of the Australian Dollar, Thai Bhat, New Zealand Dollar, Brazilian Real, South African Rand and the Hungarian Forint. Calculate the total P&L for the trader as of today.*Use the currencies in the first column as the base currency when finding the exchange rate.
Currency Pairs - Dealer SlangAussie CableDealer slang for the AUD/USD currency pair. Also known as Sterling. Dealer slang for the GPB/USD currency pair.Kiwi LoonieDealer slang for the NZD/USD currency pair. Dealer slang for the USD/CAD currency pair.Swissy GeppyDealer slang for the USD/CHF currency pair Dealer slang for the GBP/YEN currency pair. This pair also known as "The Beast" or "The Dragon". Transatlantic telegraph cable