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Question The following information is taken from the financial press concerning the euro spot and forward rates: Currency Spot One Month Forward Three Months Forward
Question The following information is taken from the financial press concerning the euro spot and forward rates: Currency Spot One Month Forward Three Months Forward Canada $ 1.4630-1.4640 0.30-0.20c pm 0.90-0.80 pm Dkr 5.20-5.50 0.10-0.20 dis 0.45-.55 dis Calculate the cost or value in euros to a customer who wishes to: a. Buy Can$25,000 spot. b. Buy DKr75,000 in three months forward C. Sell Can $50,000 in one month forward d. Sell Dkr 100,000 spot
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