Question
As an FX trader, you have just called a trader at a bank to get quotes for the British pound for the spot, 30-day, 90-day,
As an FX trader, you have just called a trader at a bank to get quotes for the British pound for the spot, 30-day, 90-day, and 180-day forward rates.
Your counterpart stated, "We trade sterling at $1.7731-32, 35/33, 77/71, 100/90."
What are the outright 180-day forward bid and ask rates?
Assume that over a particular period the Japanese yen (JPY) appreciated against the Danish krone (DKK) by 16.70% and that the Danish krone depreciated against the Indian rupee (INR) by 20.30%. If the spot rate at the start of the period was INR 0.6565/JPY, then what is the current end-of-period spot rate?
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
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