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foreign exchange marre participat b. The following extract shows the quotation of BPS and EURO in USD. Pound Sterling Euro Spot 1.4326/48 - 1.378 0.9525/35

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foreign exchange marre participat b. The following extract shows the quotation of BPS and EURO in USD. Pound Sterling Euro Spot 1.4326/48 - 1.378 0.9525/35 0.9535 1 month forward 50/53 .4.350 1433 65/62 0.9565-0.6562 2 months forward 90/931-4340-14353 84/82 c.9334-0.45 82. Required The outright bid-ask spot and forward rates of BPS and the EURO, respectively. (6marks) Which currency is at a forward premium/discount? (4marks) foreign exchange marre participat b. The following extract shows the quotation of BPS and EURO in USD. Pound Sterling Euro Spot 1.4326/48 - 1.378 0.9525/35 0.9535 1 month forward 50/53 .4.350 1433 65/62 0.9565-0.6562 2 months forward 90/931-4340-14353 84/82 c.9334-0.45 82. Required The outright bid-ask spot and forward rates of BPS and the EURO, respectively. (6marks) Which currency is at a forward premium/discount? (4marks)

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