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TFFE Math 5

The document provides information to calculate the buying and selling rates of Bangladeshi Taka per Japanese Yen based on interbank exchange rates. It gives the USD to JPY and USD to BDT rates. It then calculates the JPY to BDT rates as falling between 0.8030-0.8270 and uses the buying rate of 0.8030 to determine that 2 million Japanese Yen would cost 160,6000 Bangladeshi Taka.

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Shamima Akter
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2K views1 page

TFFE Math 5

The document provides information to calculate the buying and selling rates of Bangladeshi Taka per Japanese Yen based on interbank exchange rates. It gives the USD to JPY and USD to BDT rates. It then calculates the JPY to BDT rates as falling between 0.8030-0.8270 and uses the buying rate of 0.8030 to determine that 2 million Japanese Yen would cost 160,6000 Bangladeshi Taka.

Uploaded by

Shamima Akter
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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S. M.

Mahruf Billah

Based on the following information, please calculate the buying and selling rate of Bangladesh
Taka per Japanese Yen when interbank market exchange rate was,
(96th AIBB May-June 2023)
USD 1= JPY 130.3010 - 132.1280
USD 1= BDT 103.1010 - 107.7590
Also calculate the amount of BDT to be paid by your bank for buying 2.00 million Japanese Yen.
Solution:
Bid Ask
$1= JPY 130.3010 JPY 132.1280
$1= BDT 106.1010 BDT 107.7590

JPY 106.1010 107.7590


∴ = −
BDT 132.1280 130.3010

JPY
∴ =0.8030−0.8270
BDT

BDT to be paid by bank as the rate 1 JPY = Taka 0.8030 for 20,00,000 JPY is
20,00,000×0.8030 = BDT 160,6000

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