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Assume that You are risk manager at BIC Investment. BIC firm wants to fix currency rate for 5.000.000 USD export transaction in 120 days and

Assume that You are risk manager at BIC Investment. BIC firm wants to fix currency rate for 5.000.000 USD export transaction in 120 days and 3.000.000 EURO import transaction in 180 days from AC Bank. Find bid and ask forward rate of AC Bank by using exchange rates and interest rates below.

USD/TL: 13,3725/13,9850 EURO/TL: 15,2700/15,4250

USD interest rate: 0,50/1,00 EURO interest rate 1,25/2,50

TL interest rate 21.00/27,00

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