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  • Transaction USD Bought 10,000,000 Sold (50,000,000) Sold (36,000,000) Bought 100,000,000 Long of 24 USD

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    Saadat Shaikh
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    The document shows a series of foreign exchange transactions involving USD, HKD, and RMB. It includes details of purchases and sales of currencies, exchange rates, balance positions, and profits/losses from trades. Financial statements are also presented for a company in 2019 and 2018, including income statements, balance sheets, and average exchange rates between RMB and USD for the two years.

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    Currency translation

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    The document shows a series of foreign exchange transactions involving USD, HKD, and RMB. It includes details of purchases and sales of currencies, exchange rates, balance positions, and profits/losses from trades. Financial statements are also presented for a company in 2019 and 2018, including income statements, balance sheets, and average exchange rates between RMB and USD for the two years.

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    © All Rights Reserved
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    18 views4 pages

    Transaction USD Bought 10,000,000 Sold (50,000,000) Sold (36,000,000) Bought 100,000,000 Long of 24 USD

    Uploaded by

    Saadat Shaikh
    The document shows a series of foreign exchange transactions involving USD, HKD, and RMB. It includes details of purchases and sales of currencies, exchange rates, balance positions, and profits/losses from trades. Financial statements are also presented for a company in 2019 and 2018, including income statements, balance sheets, and average exchange rates between RMB and USD for the two years.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Transaction USD

    Bought 10,000,000
    Sold (50,000,000)
    Sold (36,000,000)
    Bought 100,000,000
    24,000,000
    Long of 24 USD
    Final position

    Trade out @ 7.750 24,000,000


    Profit @ 7.750

    Trade out @ 7.751 24,000,000


    rate HKD
    7.7520 77,520,000.00
    7.7540 (387,700,000.00)
    7.7530 (279,108,000.00)
    7.7500 775,000,000.00
    185,712,000.00

    HKD/USD 7.738

    7.750 186,000,000.000
    288,000.000

    7.751 186,024,000
    312,000.00
    2019 2018
    31-Dec RMB 7.2029 = $1 RMB 7.8740 = $1
    Avg Rate RMB 7.7558 = $1 RMB 7.1422 = $1
    RMB million
    2019 2018
    Sales 11,750 7,000
    Expenses 9,500 5,400
    Net Income 2,250 1,600
    Monetary Assets 6,500 6,000
    Non−Monetary Assets 16,000 14,000
    Monetary Liabilities 9,000 8,750
    Common Stock 10,000 10,000
    Retained Earnings 3,500 1,250
    2018 2019
    average 7.1422 7.7558
    Current rate 7.8740 7.2029 1,000,000,000

    Current (2019) 11750


    $ 91,130.65 $ 49,995.40 1000000
    $ 73,680.10 $ 38,567.88 11,750,000,000
    $ 17,450.55 $ 11,427.52
    $ 46,818.85 $ 47,244.00
    $ 115,246.40 $ 110,236.00
    $ 64,826.10 $ 68,897.50 1,631,287,398.13
    7.20290000000578

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