Forex Spot and Forward Illustration 17
A bank quoted following rates for US $: Spot 47.70/02
Forward Premia 1 month 3/0, 2 month 10/3, 3 month 18/9, 6 month 66/55.
Calculate the forward rates.
(Ans.: Spot 47.70 and 47.72, 1 month 47.67/47.72, 2 month 47.60/47.69, 3 month 47.52/47.63, 6 month 47.04/47.17)
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