Forex and Interest Rate Illustration 1


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The current exchange rate between US dollar and Euro is $1.1/Euro. [As the amount expressed is in US $ (per €) here US $ is home currency and € is foreign currency]. Interest rate in the US and Euro region is 5% and 6% respectively. What is exchange rate expected after 6 months?

(Ans.: 1.09466. Hence, Euro depreciates. Dollar is at premium)


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