Question
10. According to the data below calculate the cross currency arbitrage opportunity. What is the minimum Forward (FWD) exchange rate which would offer an arbitrage
10. According to the data below calculate the cross currency arbitrage opportunity. What is the minimum Forward (FWD) exchange rate which would offer an arbitrage gain?
On February 9, 2021 USD/TRY 7.0852 7.0878
FWD USD/TRY 1221 8.1500 8.1600 (settlement on December 31st )
TRLIBOR 17.2500 18.1116
USDLIBOR 0.30628 0.30648
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Practical Micro Finance A Training Guide For South Asia
Authors: Malcolm Harper
1st Edition
8178292882, 9788178292885
