Forex Spot and Forward Illustration 23
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Assume the spot rate of the British Pound is $1.73. The expected spot rate one year from now is assumed to be $1.66. What percentage depreciation per annum does it reflect?
(Ans.: 4.05% Depreciation)
Forex Spot and Forward Illustration 23
Â
Assume the spot rate of the British Pound is $1.73. The expected spot rate one year from now is assumed to be $1.66. What percentage depreciation per annum does it reflect?
(Ans.: 4.05% Depreciation)
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