Question
Question 9: NBAA ADAPTED) A foreign exchange dealer provided the following quotations for the South African Rand (SAR) against the Tanzanian shilling (TZS) on the
Question 9: NBAA ADAPTED)
A foreign exchange dealer provided the following quotations for the South African Rand (SAR) against the Tanzanian shilling (TZS) on the 31st September 2004
TZS/SAR Spot 50- 55
Three Months Forward 2 7 dis Required:
Calculate the percentage bid-ask spread on the three month forward TZS
Calculate the profit made by the dealer in purchasing and selling SAR 1,000,000 three month forward
Using the spot and forward offer prices calculate the forward premium/discount on the SAR.
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Interest Rate Swaps And Their Derivatives A Practitioners Guide
Authors: Amir Sadr
1st Edition
0470443944, 978-0470443941
