Forex Spot and Forward Illustration 22
The current Spot rate of British Pound against the US dollar is £ 1.5763 per US$. The 90-day forward rate is £ 1.5436. Calculate annual forward discount or premium for US$.
(Ans.: 8.30% Discount)
Forex Spot and Forward Illustration 22
The current Spot rate of British Pound against the US dollar is £ 1.5763 per US$. The 90-day forward rate is £ 1.5436. Calculate annual forward discount or premium for US$.
(Ans.: 8.30% Discount)
9 Comments