According to the table below, what is the indirect quote of the spot dollar-pound exchange rate,...
- According to the table below, what is the indirect quote of the spot dollar-pound exchange rate, from the U.S. perspective?
|
Country |
U.S. $ equiv. |
Currency per U.S. $ |
|
|
Tuesday |
Tuesday |
|
Britain (Pound) £62,500 |
1.6000 |
0.6250 |
|
1 Month Forward |
1.6100 |
0.6211 |
|
3 Months Forward |
1.6300 |
0.6173 |
|
6 Months Forward |
1.6600 |
0.6024 |
|
12 Months Forward |
1.7200 |
0.5814 |
Homework Answers
Spot rate is the exchange rate on the same day i.e on
Tuesday.Indirect quote is when US is base currency.
Hence Spot rate is 0.625 Pound per Dollar
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According to the table below, what is the
indirect quote of the spot dollar-pound
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