NO.PZ2018111501000001
问题如下:
Aron wants to analyze the movement of EUR against the foreign currency USD for portfolio X. It is known that the domestic-currency return is 15% and the foreign-currency asset return is 12%. Which of the following is correct?
选项:
A.the percentage movement in the spot exchange rate is -2.61%, EUR relative to USD is appreciated.
B.the percentage movement in the spot exchange rate is 2.68%, EUR relative to USD is appreciated.
C.the percentage movement in the spot exchange rate is 2.68%, EUR relative to USD is depreciated.
解释:
C is correct.
考点:Currency Risk & Portfolio Return and Risk
解析:
已知domestic-currency return is 15%,即,foreign-currency asset return is 12%,即 ,代入公式,则 。根据EUR/USD(DC/FC)的外汇报价方式,由于,因此USD相对于EUR是升值的,也就是说, EUR相对于USD是贬值的。
老师,您好!请问下,通过这道题的题干的描述:“EUR against the foreign currency USD”,能否直接判断出来是USD/EUR还是EUR/USD?