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Question The banks quoted prices for US$ against the are as follows: Spot : 1.4365-1.4385, one month forward 0.50-0.47 cents pm What is the approximate

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The banks quoted prices for US$ against the are as follows:

Spot : 1.4365-1.4385, one month forward 0.50-0.47 cents pm

What is the approximate cost of a forward cover?

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