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A foreign exchange dealer in Warsaw provides quotes for spot and 3-month forward rates for the Polish zloty against the dollar. Bid (PZ/$) Ask (PZ/$)
A foreign exchange dealer in Warsaw provides quotes for spot and 3-month forward rates for the Polish zloty against the dollar.
| Bid (PZ/$) | Ask (PZ/$) | |
| Spot | 4.0040 | 4.0200 |
| 3-month forward | 3.9690 | 3.9888 |
- What would you receive in dollars if you sold PZ 5 million at the spot rate?
- What would it cost in dollars to purchase PZ 20 million forward three months?
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Behavioral Finance And Asset Prices
Authors: David Bourghelle, Pascal Grandin, Fredj Jawadi, Philippe Rozin
1st Edition
3031244850, 978-3031244858
