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If you purchase New Zealand Dollar (NZD) 50,000 of supplies from New Zealand how much will this cost in US$ today? 34665.60 .In the above

If you purchase New Zealand Dollar (NZD) 50,000 of supplies from New Zealand how much will this cost in US$ today?

34665.60

.In the above problem what can you do if you do not have to pay for 30 days and you wanted to hedge your position?

What will it cost in US$ if this is the case?

Forward Rates for US $ per New Zealand Dollar (NZD)

30 day forward

US$0.8391 / NZD

60 day forward

US$0.8302 / NZD

90 day forward

US$0.8299 / NZD

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