1. The currency trader's quotation of the USD/EUR exchange rate for the client has the following form: 1.1824/39 (bid/ask). 
"At what rate, you as his client, will you sell EUR expressed in USD?"
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2. The bank is quoting the following CZK bid and ask exchange rate. Calculate the bid and ask exchange rate for EUR (four decimal places).				
				
EUR/CZK		0.0375		0.0425
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3. Bank's dealer is quoting the following EUR exchange rates. Calculate the  middle rate and the spread in absolute and percentage terms.				
				
USD/EUR		1.2758		1.2766
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4. The exchange rate of the euro (EUR) in the basic and current periods is specified as follows. 		
Calculate the exchange rate of the Czech koruna (CZK) in both periods and the percentage change in the foreign exchange rate in both cases. 		
Determine which currency has been appreciated and which has been depreciated.		
		
		
E0	27.70	CZK/EUR
E1	26.14	CZK/EUR
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5. Škoda Auto company has expected income cash flows of 125 000 PLN from business in Poland. What are the expected cash flows in CZK?				
				
CZK/PLN		6.2175		6.3543
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6. Arcelor Mittal Tubular Products Karviná needs to buy 1 000 000 GBP to pay for the delivery. What will be the costs in CZK?				
				
				
CZK/GBP		29.8122		29.8538