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Assume that the forward rate was used to forecast the future spot rate. Determine whether US Dollar or Japanese Yen was forecasted with more accuracy.
Assume that the forward rate was used to forecast the future spot rate. Determine whether US Dollar or Japanese Yen was forecasted with more accuracy.
| 90-day forward rate | Actual spot rate after 90 days | |
| US Dollar | $0.9 | $0.94 |
| Japanese Yen | $0.17 | $0.20 |
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
9th Edition
0814408648, 978-0814408643
