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The Euro against the South African rand spot rate on 1 0 - 1 2 - 2 0 1 4 was quoted on the international

The Euro against the South African rand spot rate on 10-12-2014 was quoted on the international foriegn exchange market as; spot (SArand 14.3833/$),1-month forward (SArand 14.4645/$). i. Indicate which currency is trading at a forward premium/discount. ii. calculate the forward premium of discount percent per (a)1 month (b) per annum on the dollar and on the rand

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