Forex Spot and Forward Illustration 4


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Following one-month forward USD SGD and USD INR rates are given:

USD SGD       1.7631/1.7661

USD INR        47.5050/47.6010

Calculate SGD INR one-month forward rate.

(Ans.: SGD INR cross rate is 26.8983/9985 for 1 – month forward)


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