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Right now ( this typing ) the 6 0 - day forward exchange rate for converting dollars ( USD ) into Brazilian Reals ( BRL

Right now (this typing) the 60-day forward exchange rate for converting dollars (USD) into Brazilian Reals (BRL) is $1=5.036 BRL and the spot exchange rate is $1=4.9 BRL. If so, the USD is selling at a on the 30-day forward market.
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