Question
The spot rate quoted at the Bangkok International Airport is THB 43/USD [THB = Thai baht]. If the current nominal one-year interest rate in the
The spot rate quoted at the Bangkok International Airport is THB 43/USD [THB = Thai baht]. If the current nominal one-year interest rate in the U.S. is 2% and the comparable rate in Thailand is 10%, what is the one-year forward exchange rate, if Interest Rate Parity holds? [Assume indirect quote]
| THB 46.37/USD |
| THB 51.60/USD |
| THB 39.87/USD |
| THB 43.00/USD |
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Finance And Control For Construction
Authors: Chris March
1st Edition
0415371155, 978-0415371155
