Question
You have called your Forex dealer and asked for quotations USD/EUR on the spot, 1 month, 3-month and 6-month forward rates. The trader has responded
You have called your Forex dealer and asked for quotations USD/EUR on the spot,
1 month, 3-month and 6-month forward rates. The trader has responded with the following:
USD 1.284/98 3/5 8/7 13/10
- What does this mean in terms of dollars per euro?
- If you wished to buy spot euros, how much would you pay in dollars?
- If you wanted to purchase spot USD, how much would you have to pay in euro?
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
