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 with c. Based on the information in the figure, the value of the US dollar will fall respect to the yen and will rise with respect to the Australian dollar Currencies U.S.-dollar foreign-exchange rates in late New York trading US$ vs, YTD chg Chile peso 1 US$ vs. -Thurs- YTD chg Thurs 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 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 .1598 6.2590 3.4 6-mos forward 1.6867 .5929 -2.0 Hong Kong dollar .1290 7.7528 unch .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 0.1 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 .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 China yuan India rupee Pakistan rupee