Question
At 11:15 am Monday, the WSJ reported the following spot and forward bid and ask prices Spot exchange rate: Bid rate CHF 1.2015/GBP Ask rate
At 11:15 am Monday, the WSJ reported the following spot and forward bid and ask prices
Spot exchange rate:
Bid rate CHF 1.2015/GBP
Ask rate CHF 1.2025/GBP
Forward (6 months) exchange rate:
Bid rate CHF 1.2030/GBP
Ask rate CHF 1.2045/GBP
Calculate the forward quotes in points
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International Finance
Authors: Keith Pilbeam
2nd Edition
0333730976, 978-0333730973
