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The following is an excerpt from the Wall Street Journal online. US-dollar foreign exchange rates in late New York Trading Country/currency In US$ Per US$

The following is an excerpt from the Wall Street Journal online.

US-dollar foreign exchange rates in late New York Trading

Country/currency

In US$

Per US$

US$ vs.

YTD chg (%)

Switzerland franc

1.0787

0.9270

1.3

1-mos forward

1.0791

0.9267

1.3

3-mos forward

1.0798

0.9261

1.3

6-mos forward

1.0811

0.9250

1.4

  1. What is the spot exchange rate in direct quotation?
  1. What is the spot exchange rate in indirect quotation?
  1. What is the 6-month premium or discount (expressed as an annual percentage rate) for the Swiss Franc?

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