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1. * $ 6- "GBP/CHF, # :

1)USD/CHF = 1,4899/08.

2)GBP/USD = 1,6545/56.

3)USD/CHF = 55/43.

4)GBP/USD = 30/35.

? ! ’ !

1) $/" $% - GBP/CHF, "$ " . " " " " ! .

GBP/CHF bid = USD/CHF bid GBP/USD bid

GBP/CHF bid = 1,4899 1,6545 = 2,4650

GBP/CHF offer = 1,4908 1,6556 = 2,4682

2) % " 6- "$ % $ . ! /" $$ ( !( " " ( " ).

USD/CHF:

1,4899

1,4908

55/43 (–)

6- "$

 

55

(–)

43

 

6- "$%

1,4844

1,4865

 

GBP/USD:

1,6545

1,6556

30/35 (+)

6- "$

30

(+)

35

 

6- "$%

1,6567

1,6591

 

3) $/" 6- "$% - % GBP/CHF, "$ " - .

" " " " ! .

GBP/CHF bid = USD/CHF bid GBP/USD bid

GBP/CHF bid = 1,4844 1,6575 = 2,4604

GBP/CHF offer = 1,4865 1,6591 = 2,4663

4) $" 6- "$ GBP/CHF. ! $" "GBP/CHF " 6- " , ( % -:

6-" . GBP/CHF

2,4604

2,4663

 

 

(–)

 

– GBP/CHF

2,4650

2,4682

 

46

19

F : 6-" . - GBP/CHF = 2,4604/63; 6-" . 46/19.

2. * $ 3- " CAD/CHF, # :

1)- USD/CHF = 1,4899/08

2)- USD/CAD = 1,1845/56

3)3- . USD/CHF = 15/28

4)3- . USD/CAD = 35/27

376

? ! ’ !

1) $/" $% - CAD/CHF, "$ " . "- " ( %. / ! , " / ! " ) .

$ - % , )- / 0#:<"'< &'"1)90#..5, % — $#61 &'"1)90#..5.$ - % , ) -/ 0#:<"'< &'"1)90#..5, % — $#61 &'"1)90#..5.

USD/CHF bid

CAD/CHFbid

USD/CAD offer

CAD/CHF bid = 1,4899/1,1856 = 1,2567

CAD/CHF offer = 1,4908/1,1845 = 1,2586

2) % " 3-"$ % $ . ! /" $$ ( !( " " ( " ).

USD/CHF:

1,4899

1,4908

15/28 (+)

3-"$

 

15

(+)

28

 

3-"$%

1,4914

 

1,4936

 

USD/CAD:

1,1845

1,1856

35/27 (–)

3-"$

 

15

(–)

28

 

3-"$%

1,1810

 

1,1829

 

3) $/" 3-"$% - CAD/CHF, "$ " . - " " ( %. / ! , " / ! " ) .

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CAD/CHFbid USD/CHF bid ;

USD/CAD offer

CAD/CHF bid = 1,4914/1,1829 = 1,2608;

CAD/CHF offer = 1,4936/1,1810 = 1,2647.

4) $" 3-"$ CAD/CHF. ! $" "CAD/CHF " 3-" , ( % -:

3-" . CAD/CHF

1,2608

1,2647

 

 

(–)

 

– CAD/CHF

1,2567

1,2586

 

41

61

F : 3-" . - CAD/CHF = 1,2608/47; 3-" . 41/61.

3. * 3- bid offer USD/CHF, # :

1)- USD/CHF 5.2196/06

2)(bid) (offer)

 

bid

offer

 

 

 

USD

3,90

4,25

 

 

 

CHF

4,85

5,15

 

 

 

377

? ! ’ !

1) ! " :

')0#)*., 79.&"1

bid bid (% bid % offer) D .

360 100 (% offer D)

')0#)*., 79.&"1

offer offer (% offer % bid) D ;

360 100 (% bid D)

bid 5,2198(4,85 4,25) 90 281,869 0,0077 ;

360 100 4,25 90

36382,5

offer 5,2206(5,15 3.90) 90 587,3175 0,0162.

360 100 (3,90 90)

36351

2) $" 3- "$% % . ! /" $ - $ ( !( " " ( " ).

USD/CHF

5,2198

5,2206

77/162 (+)

3-" .

0,0077 «+»

0,0162

 

3-" . USD/CHF

5,2275

 

5,2368

 

F : 3-" . USD/CHF = 5,2275 – 5,2368

4. * " « », # : 1) " USD/CAD 1,6955/72; 2) " «t/n» 3/7.

? ! ’ !

$% USD/CAD( ( ( ). % -« » (« ! ») / !

" ! " " (bid / offer; offer / bid).

 

USD/CAD:

1,6955

1,6972

3/7(–)

«t/n»

 

7

(–)

3

 

 

 

 

 

 

 

 

USD/CAD «t/n»

1,6948

 

1,6969

 

 

F : % USD/CAD «t/n» ! 1,6948/69.

5. * " « », # : 1) " GBP/USD 1,5955/62; 2) " « /n» 4/2.

? ! ’ !

$% GBP/USD -( ( ( ). %« » (« ! ») / ! " !

" " (bid / offer; offer / bid).

 

 

 

GBP/USD:

1,5955

1,5962

4/2(+)

« /n»

 

2

(+)

4

 

GBP/USD « /n» 1,5957

 

1,5966

 

F : % GBP/USD « ! » « /n» ! 1,5957/66.

378

O ’

1. = 32 000 " 230 25%" — 365. : 5410% – 360 . = , -’ , .

? ! ’ !

1) " ) " , " " / % ’ , - ( :

S P(1 i n) P(1 i ) k

S 32000(1 0,25 230 / 365) 37041,10 .

2) " " , ! ! ’ ( " ):

P0 S(1 d n) S(1 / k d)

P0 37041,10(1 0,1 54/360) 36485,48 .

3) " " " ) " " , $ ’ :

I S P0

I 37041,10 36485,48 555,62 .

F : ! 555,62 .; " , " ’ " — 36 485,48 .

2. ’ 12 . , -32 , 2125 . = , -— 360.

? ! ’ !

1) " , ( ! " :

 

d

 

S P

 

 

 

I

 

;

 

 

 

 

 

 

 

 

 

 

 

S / k

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

S / k

 

 

 

 

 

 

 

d

 

2125

 

 

 

 

 

2125

 

1,99 199%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12 000 32 / 360

1066,67

 

 

 

 

2) " , ( ! " :

i

S P

 

S P

 

 

 

I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

p n

 

 

p / k p / k

 

 

 

 

 

 

i

 

2125

 

 

 

 

 

 

 

 

2125

 

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877,78

 

 

(12 000 2125) 32 / 360

 

 

 

A ( " :

 

 

 

 

 

 

i

 

 

 

d

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

;

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 n d

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

i

 

 

 

1,99

 

 

 

 

 

 

 

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2,42.

 

 

 

 

1

1,99 32 / 360

 

 

 

 

 

 

 

 

 

 

0,823

 

F : ! 242%: ! 199 %.

3. A " 15000 , $ -! , " " 3 . -

379

40% 35%. =!.

? ! ’ !

1) " , % ( :

PK S(1 nK dK )

PK 15 000 (1 0,5 0,4) 12 000 ;

2) " , ( " :

Pn S(1 nn dn )

Pn 15 000(1 3/12 0,35) 13 687,5 ;

3) " - ":

Pn Pk

13 687,5 12 000 1687,5 ;

4) " ! -$, ( ! " :

,

 

W

 

 

 

 

 

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P n

 

P n

 

 

 

 

 

 

 

n

 

 

 

i

 

1687,5

 

 

1687,5

0,5625 56,25%.

12 000 3/12

 

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3000

 

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4. = $ " . F " ! -$ 2 %. = , # $ $ -" " 6 % .

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1) " ! % $ " : I 1 n

I 1 0,02 6 1,126162;

2) " " # ( " , $ % ! ! %:

i (1 n i) I 1 n

i (1 0,5 0,06)1,126162 1 0,3199 31,99%;. 0,5

3) " , $ ! ! % " , ( " :

d

 

 

i

 

 

1

n i

 

 

d

 

 

0,3199

0,2758 27,58%.

 

 

 

1

0,5 0,3199

F : 27, 58 %.

380