Forex Spot and Forward Illustration 18
Â
Following are the USD INR quotes by a banker at Mumbai:
Spot: 47.6420/80
3 month forward: 60/100
Calculate annualized forward premium/discount. [Calculate AFM]
(Ans.: 0.0504% for Bid, 0.0839% for Ask, 0.0672% for mid)
85 Comments