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A German importer needs to pay US$1,000,000 to its US supplier in one months time. What will be the cost of payment in by fixing
A German importer needs to pay US$1,000,000 to its US supplier in one months time. What will be the cost of payment in by fixing the payment with certainty today? What is the difference from the rate quoted at the spot market?
Spot Rate: 1.4334 - 1.4348
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