Use the information in Figure 21.1 to answer the following questions: a. The six-month forward rate for the Japanese yen is selling at a because it is (Round your answer to 2 decimal places, e.g., 32.16) per U.S. dollar. The yen is in the forward market than in the spot market. b. The three-month forward rate for Australian dollars is $ selling at a because it is (Round your answer to 4 decimal places, e.g., 32. 1616) per Australian dollar. The Australian dollar is in the forward market than in the spot market. Chile peso Currencies U.S.-dollar foreign-exchange rates in late New York trading US$ vs, US$ vs. - Thurs YTD chg - Thurs YTD chg Country/currency in US$ per US$ %) Country/currency in US$ per US$ (%) Americas Europe Argentina peso .1250 8.0001 22.7 Czech Rep. koruna .05050 19.800 -0.4 Brazil real .4476 2.2339 -5.4 Denmark krone .1858 5.3816 -0.8 Canada dollar .9126 1.0958 3.2 Euro area euro 1.3869 .7210 -0.9 .001773 564.00 7.3 Hungary forint .004524 221.06 2.2 Colombia peso .0005169 1934.50 0.2 Norway Krone .1683 5.9433 -2.1 Ecuador US dollor 1 1 unch Poland zloty .3306 3.0246 0.1 Mexico peso .0767 13.0434 unch Russia ruble .02807 35.620 8.2 Peru new sol .3561 2.808 0.2 Sweden krona .1537 6.5068 1.1 Uruguay peso .04379 22.8355 7.8 Switzerland franc 1.1373 .8793 -1.5 Venezuela b. fuerte 157480 6.3500 unch 1-mos forward 1.1376 .8791 -1.6 3-mos forward 1.1381 .8786 -1.6 Asia-Pacific 6-mos forward 1.1391 .8779 -1.6 Australian dollar .9274 1.0783 -3.9 Turkey lira .4749 2.1057 -2.0 1-mos forward .9255 1.0805 -4.0 UK pound 1.6893 .5920 -2.0 3-mos forward .9216 1.0851 -4.0 1-mos forward 1.6889 .5921 -2.0 6-mos forward .9157 1.0920 -3.9 3-mos forward 1.6881 .5924 -2.0 China yuan .1598 6.2590 3.4 6-mos forward 1.6867 .5929 -2.0 Hong Kong dollar .1290 7.7528 unch India rupee .01663 60.150 -2.8 Middle East Africa Indonesia rupiah .0000865 11555 -5.0 Bahrain dinar 2.6527 .3770 unch Japan yen .009773 102.32 -2.8 Egypt pound .1427 7.0081 0.8 1-mos forward .009775 102.31 -2.9 Israel shekel .2896 3.4528 -0.5 3-mos forward .009778 102.27 -2.9 Jordan dinar 1.4123 7081 6-mos forward .009784 102.21 -2.9 Kuwait dinar 3.5606 .2809 -0.6 Malaysia ringgit .3062 3.2659 -0.5 Lebanon pound .0006596 1516.10 0.7 New Zealand dollar .8633 1.1584 -4.8 Saudi Arabia riyal .2666 3.7507 unch Pakistan rupee .01014 98.645 -6.4 South Africa rand .0953 10.4879 unch Philippines peso .0224 44.610 0.5 UAE dirham .2723 3.6731 unch Singapore dollar .7982 1.2528 -0.8 South Korea won .0009682 1032.80 -2.2 Close Net Chg %ChgYTD%Chg Taiwan dollar .03305 30.256 1.1 Thailand baht .03090 32.367 -1.1 WSJ Dollar Index 72.85 -0.01 -0.01 -1.31 Vietnam dong .00004742 21090 -0.2 Sources: ICAP plc., WSJ Market Data Group 0.1
