payment 9, the Yen had been sold in the amount of 2 billion at the offer rate of the USD/JPY of
146.8700 given from Bank 17. The offer rate experienced a significant increase to 146.7700
upon initiating a call with Bank 13. However, subsequent enquiries with other banks led us to
conclude that this rate was optimal at the given time. Consequently, we proceeded to engage in
a transaction with Bank 13, involving the sale of JPY 2 billion and the acquisition of USD.
Lastly, for the AUD/JPY pair, we sold the AUD 20M at the bid rate of 94.0000 from Bank 13
to purchase the Yen due to the appreciation of the JPY. To reach our goal of selling AUD 40M,
we continued to transact with the same bank, which at the time offered the highest bid rate -
93.9800 for the AUD/JPY bid rate - in order to sell the remaining AUD 20M.
2. Analyze the profit and loss of the trading
Overall, we have achieved the objectives that company 5 has to complete. However, we don't
make any profit when we close the position. Following the trading simulations, we produce
In the primary objective, we completely raise USD 35M and AUD 34M by selling the
comparable amount of money in GBP. We make a mistake in the 2 and 3 transactions when
we sale the currency in the mission of company 5.
In the secondary objective, we forecasted a depreciation of AUD and JPY compared with
USD while JPY was expected to appreciate to AUD. In the second task, therefore, the
position was closed when we sold AUD, raised USD and JPY.