Forex Spot and Forward Illustration 18


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Forex Spot and Forward Illustration 18

 

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)


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