Fisher Effect (CIP) Illustration 3
If spot rate in Japan for US$ is ¥ 111.04/$. Japan interest rates are 0.052% p.a. and US interest rates are 2.11% p.a. Find 9 month forward rate as per CIP.
(Ans.: ¥ 109.35/$)
Fisher Effect (CIP) Illustration 3
If spot rate in Japan for US$ is ¥ 111.04/$. Japan interest rates are 0.052% p.a. and US interest rates are 2.11% p.a. Find 9 month forward rate as per CIP.
(Ans.: ¥ 109.35/$)
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