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A fund manager expects a surge in the Turkish stock market in a month and wishes to invest $ 1 0 million. However, because he
A fund manager expects a surge in the Turkish stock market in a month and wishes to invest $ million. However, because he is uncertain about the direction of the USDTRY exchange rate, he does not want to accept exchange rate risk. He plans to employ forward swap to eliminate the exchange risk. On the other hand, a Turkish bank anticipates a USDTRY depreciation at the end of the month and has agreed to a swap contract with the fund.
tableSpot Exchange Rate Today,Swap PointsUSDTRY days
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