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The spot USD - South African rand exchange rate (USDZAR) is R15.1288 for immediate delivery. This is a 4 decimal place currency. The 1-year forward

The spot USD - South African rand exchange rate (USDZAR) is R15.1288 for immediate delivery. This is a 4 decimal place currency. The 1-year forward points are 7,520.5 which are added to the spot rate. What is the forward hedged value of a 1-year receivable of 500,000 rand? Hint: what is the USD value if the exchange rate is the forward rate?

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9. The spot USD - South African rand exchange rate (USDZAR) is R15.1288 for immediate delivery. This is a 4 decimal place currency. The 1-year forward points are 7,520.5 which are added to the spot rate. What is the forward hedged value of a 1-year receivable of 500,000 rand? Hint: what is the USD value if the exchange rate is the forward rate? USDZAR Bid 15.1288 Forward Price ??? Hedged USD Value

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