FIN3106 - Cross Rates of United States Dollar (USD) - Finance Assignment Help

Assignment Task

You are tasked with preparing a brief report showing application of cross rates for the United States Dollar and the Turkish Lira in terms of the Chinese Renminbi. You are to
present a report of no more than 500 words in length.

The daily movement of the United States Dollar (USD) in terms of the Chinese Renminbi (CNY) is shown below in Figure 1 for the period 15 Feb 2016 to 15 Feb 2021. Here the term USD/CNY can be interpreted to mean 1 United States Dollar is buying x number of Chinese Renminbi’s. Therefore, as at 15 Feb 2016, using the diagram below, 1 United States Dollar was buying 6.4939 Chinese Renminbi.

The daily movement of the Turkish Lira (TRY) in terms of the Chinese Renminbi (CNY) is shown in figure 2 for the period 15 Feb 2016 to 15 Feb 2021. Here the term TRY/CNY can be interpreted to mean 1 Turkish Lira is buying x number of Chinese Renminbi. Therefore, as at 15 Feb 2016, using the diagram on figure 2, 1 Turkish Lira was buying 2.20288 Chinese Renminbi.

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