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Use Figure 21.1 to answer the following questions. Suppose interest rate parity holds, and the current six-month risk-free rate in the United States is 1.3
Use Figure 21.1 to answer the following questions. Suppose interest rate parity holds, and the current six-month risk-free rate in the United States is 1.3 percent. The six-month risk-free rate in Great Britain, Japan, and Switzerland must be percent, respectively. percent, percent, and (Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Currencies U.S.-dollar foreign-exchange rates in late New York trading ThursYTD chg ThursYTD chg Country/currency in US$ per US$ (96) Country/currency in US$ per US$ (%) Americas Argentina peso Europe 1250 8.0001 22.7 Czech Rep. koruna .05050 19.800 -0.4 4476 2.2339 -5.4 Denmark krone 9126 1.0958 3.2 Euro area euro 001773 564.00 7.3 Hungary forint 1858 5.3816 -0.8 1.3869 7210 -0.9 004524 221.06 2.2 1683 5.9433 -2.1 .3306 3.0246 0.1 02807 35.620 8.2 1537 6.5068 1.1 11373 .8793-1.5 11376 879-1.6 1.1381 8786 -1.6 11391 8779 -1.6 4749 2.1057 -2.0 1.6893 5920-2.0 1.6889 .5921 -2.0 1.6881 5924 -2.0 .6867 .59292.0 Canada dollar Chile peso Colombia peso 0005169 1934.50 0.2 Norway krone Ecuador US dollor Mexico peso Peru new sol Uruguay peso Venezuela b. fuerte 157480 6.3500 unch 1-mos forward 1 unch Poland zloty 0767 13.0434 unch Russia ruble 3561 2.808 0.2 Sweden krona 04379 22.8355 7.8 Switzerland franc 3-mos forward 6-mos forward Asia-Pacific Australian dollar 1-mos forward 3-mos forward 6-mos forward China yuan Hong Kong dollar India rupee Indonesia rupiah 0000865 11555 -5.0 Bahrain dinar Japan yen 1-mos forward 3-mos forward 6-mos forward Malaysia ringgit New Zealand dollar 8633 1.1584-4.8 Pakistan rupee Philippines peso Singapore dollar South Korea won .0009682 1032.80 -2.2 Taiwan dollar Thailand baht Vietnam dong 00004742 21090 -0.2 Sources: ICAP plc., WSJ Market Data Group 9274 1.0783 -3.9 Turkey lira 9255 1.0805 -4.0 UK pound 9216 1.0851 -4.0 1-mos forward 9157 1.0920 -3.9 3-mos forward 1598 6.2590 3.4 6-mos forward 1290 7.7528 unch 01663 60.150 -2.8 Middle East/Africa 009773 102.32 -2.8 Egypt pound 009775 102.31 -2.9 Israel shekel 009778 102.27 -2.9 Jordan dinar 009784 102.21 -2.9 Kuwait dinar 2.6527 .3770 unch 1427 70081 0.8 2896 3.4528 -0.5 1.4123 .7081 0.1 3.5606 2809-0.6 Lebanon pound .0006596 1516.10 0.7 2666 3.7507 unch 0953 10.4879 unch 2723 3.6731 unch 3062 3.2659 0.5L 01014 98.645 -6.4 South Africa rand 0224 44.610 0.5 UAE dirharm 7982 1.2528 -0.8 Close Net Chg %ChgYTD% Chg 72.85 -0.01-0.01-1.31 03305 30.256 1.1 03090 32.367 -1.1 WSJ Dollar Index
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