Assessment: Forex Investment Concepts B
Assessment Information
Total number of questions: 15
Competency Mark: 60%
Duration: 45 minutes
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Question 1 of 15
1. Question
Which of the following statements regarding the characteristics of the foreign exchange market are correct?
i. The market trades globally 24 hours a day and is centered in the key financial cities
ii. The foreign exchange market is one of the smallest financial markets.
iii. The foreign exchange market is an over-the-counter market.
iv. An active secondary market exists for foreign exchange. -
Question 2 of 15
2. Question
South Africa follows which ONE of the following exchange rate regimes?
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Question 3 of 15
3. Question
Which ONE of the following currencies are quoted according to the direct quotation method?
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Question 4 of 15
4. Question
How many rand will an importer have to pay for his goods to the value of $500 000 if the importer receives a quote as follows: USD/ZAR 12.3978 / 12.4876?
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Question 5 of 15
5. Question
Calculate the GBP/ZAR exchange rate given the following:
- GBP/USD = 1,8880 / 1,8885
- USD/ZAR = 11,8950/11,8960
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Question 6 of 15
6. Question
Please complete the sentence.
The difference between the forward foreign exchange rate and the spot foreign exchange rate reflects-
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Question 7 of 15
7. Question
Please complete the sentence.
Weighing the economic factors that will ultimately affect the supply and demand for a particular currency is known as-
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Question 8 of 15
8. Question
Who is responsible for exchange control regulations and the appointment of authorised dealers?
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Question 9 of 15
9. Question
A forex financial services provider is not permitted which ONE of the following?
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Question 10 of 15
10. Question
The mandate of a foreign financial services provider (FFSP) must make provision for which of the following?
i. Whether the investment is self-directed or managed.
ii. Whether the return is guaranteed or not
iii. Bank details of the FFSP and foreign FFSP or clearing firm.
iv. Restrictions on withdrawals of principal amounts or profits. -
Question 11 of 15
11. Question
Which one of the following statements regarding the requirements imposed on Forex investment advisors is correct?
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Question 12 of 15
12. Question
Calculate the forward rate for the EUR/ZAR given the following:
- The maturity date is 9 months forward(271 days).
- The spotexchange rate is EUR/ZAR 12.0000.
- South African interest rate is 12%.
- Euroland interest rate is 6%.
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Question 13 of 15
13. Question
Which ONE of the following instruments will be most suitable for an exporter that has exported goods but will only receive the money once all the goods have been sold in the foreign market?
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Question 14 of 15
14. Question
The re-exchange of principal at the end of currency swap is done at the-
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Question 15 of 15
15. Question
Calculate the total gain aggregated by all parties to a comparative currency swap given the following lending rates in the respective markets.
Company ZAR USD Company A 11.6 9.8 Company B 11.2 8.6