Question
D. We have the following information. The spot exchange rates now and expected in a year from now between the South African rand and the
D. We have the following information. The spot exchange rates now and expected in a year
from now between the South African rand and the Mali West African franc (CFA) is .02
and .025 S. A. rand per CFA. The forward rate between the two currencies is .225 S.A.rand
per CFA. How would we speculate in the spot markets and in the forward one to attain a
profit? Presuppose, we have the equivalent of 10 million rand.
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Global Trends Of Modernization In Budgeting And Finance
Authors: Denis Ushakov
1st Edition
1522577602,1522577610
