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the exchange forward rate? The U.S. dollar (USD) - Thailand Baht (THB) bid/offer exchange rate THB/USD is currently quoted at 30.35/30.45. The interest rate in
the exchange forward rate?
The U.S. dollar (USD) - Thailand Baht (THB) bid/offer exchange rate THB/USD is currently quoted at 30.35/30.45. The interest rate in Thailand is 5 percent per annum, and it is 1.5 percent in the U.S.. What is the applicable 90-day forward exchange rate for THB/USD, if you plan to sell Baht for USD in three months? Round your answer to two decimal placesStep by Step Solution
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