THE INSTITUTE OF FINANCE MANAGEMENT
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCE
PROGRAMME: BACHELOR OF ECONOMICS AND FINANCE
AFUO8104: INTERNATIONAL FINANCE
NATURE OF THE WORK; GROUP ASSIGNMENT
YEAR 3, 2024/2025
STREAM C,
GROUP 1, SUB-GROUP 8
NO NAMES REG.NUMBERS
1 AYMAN ISSA SALUMU IMC/BEF/2214245
2 OSMOND ONESMO MTATIFIKOLO IMC/BEF/2221417
3 DANIEL FRANCIS MWIRU IMC/BEF/2221907
4 STEVEN STEWART IMC/BEF/2221606
5 MARYCLARA EMANUEL NTANDU IMC/BEF/2212339
, QUESTION ONE
Qn.1. Data Given
To find Reciprocals first for £/TZS
Buying Selling
£/TZS spot 0.00038 0.0004
1 year toward£/TZS4 0.00037 0.00038
To find again reciprocal for €/£
Buying Selling
Spot €/£ 2.5 4
1 year forward €/£ 1.25 2
For the Cross rates
Buying Selling
Spot TZS/€ 625 1040
1 year forward TZS/€ 1325 2125
Required
Question 1.
Calculate the value in TZS to a customer who wishes to sell €5,000 to the dealer spot.
From above data calculated
1€ = 625 𝑇𝑍𝑆
5000€ = 𝑇𝑍𝑆 ?
5000 × 625 = 3,125,000
Value in Tanzania is TZS 3,125,000
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCE
PROGRAMME: BACHELOR OF ECONOMICS AND FINANCE
AFUO8104: INTERNATIONAL FINANCE
NATURE OF THE WORK; GROUP ASSIGNMENT
YEAR 3, 2024/2025
STREAM C,
GROUP 1, SUB-GROUP 8
NO NAMES REG.NUMBERS
1 AYMAN ISSA SALUMU IMC/BEF/2214245
2 OSMOND ONESMO MTATIFIKOLO IMC/BEF/2221417
3 DANIEL FRANCIS MWIRU IMC/BEF/2221907
4 STEVEN STEWART IMC/BEF/2221606
5 MARYCLARA EMANUEL NTANDU IMC/BEF/2212339
, QUESTION ONE
Qn.1. Data Given
To find Reciprocals first for £/TZS
Buying Selling
£/TZS spot 0.00038 0.0004
1 year toward£/TZS4 0.00037 0.00038
To find again reciprocal for €/£
Buying Selling
Spot €/£ 2.5 4
1 year forward €/£ 1.25 2
For the Cross rates
Buying Selling
Spot TZS/€ 625 1040
1 year forward TZS/€ 1325 2125
Required
Question 1.
Calculate the value in TZS to a customer who wishes to sell €5,000 to the dealer spot.
From above data calculated
1€ = 625 𝑇𝑍𝑆
5000€ = 𝑇𝑍𝑆 ?
5000 × 625 = 3,125,000
Value in Tanzania is TZS 3,125,000
