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. Lets say we have the following observation: November 1, 2010 November 3, 2010 December 3, 2010 $ 1 = 1,44 TL $ 1 =

. Lets say we have the following observation:

November 1, 2010 November 3, 2010 December 3, 2010

$ 1 = 1,44 TL $ 1 = 1,41 TL $ 1 = 1,39 TL

  1. Is US dollar strengthening or weakening? Please explain (5 points).
  2. Is US dollar trading at a premium or at a discount? What are they? (5 points)
  3. What is the spot rate and forward rate of US dollar? What are these values? (5 points)

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