Question
On which rate would you deal in each of the problems below? Tell which currency you want to buy and sell and at what rate.
On which rate would you deal in each of the problems below? Tell which currency you want to buy and sell and at what rate.
You will have to pay a JPY invoice in 2 months with USD. You want to fix the exchange rate today by using forward. You get a market quote of:
Spot USD/JPY 144.41 / 144.55
2-month swap points -91.63 / -91.37
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
