Question
The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF) in June of 2009. Spot $0.8466 30-day forward $0.8504
The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF) in June of 2009.
| Spot | $0.8466 |
| 30-day forward | $0.8504 |
| 90-day forward | $0.8540 |
| 180-day forward | $0.8587 |
a. Was the Swiss franc selling at a discount or premium in the forward market?
b. What was the 30-day forward premium (or discount)?
c. What was the 90-day forward premium (or discount)?
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Essential Finance Guide
Authors: DK Publishing
1st Edition
078948157X, 978-0789481573
