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Here are today's rates: Spot exchange rate: 4.45 Polish zloty per U.S. dollar 6-month forward exchange rate: 4.52 Polish zloty per U.S. dollar. You expect
Here are today's rates: Spot exchange rate: 4.45 Polish zloty per U.S. dollar 6-month forward exchange rate: 4.52 Polish zloty per U.S. dollar. You expect the spot exchange rate in 6 months to be 4.58 Polish zloty per U.S. dollar, and you have established a forward exchange contract to try to profit from your expectation of the future spot exchange rate. Evaluate the validity following statement: "If the actual future spot exchange rate in 6 months is 4.56 Polish zloty per U.S. dollar. from your forward exchange speculative position
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