Question
You notice the following hypothetical exchange rates in the newspaper. :$ spot = 1.46 :$ three-month forward = 1.42 $:SFr spot = 1.60 $:SFr three-month
You notice the following hypothetical exchange rates in the newspaper.
:$ spot = 1.46
:$ three-month forward = 1.42
$:SFr spot = 1.60
$:SFr three-month forward = 1.65
In the language of currency traders, would the be considered strong or weak relative to the dollar?
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
