Estimate the difference between short-term interest rates in Mexico and the United States on May 26, 2010,
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Estimate the difference between short-term interest rates in Mexico and the United States on May 26, 2010, from the information in Table 5.4.
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Table 5.4 Currency futures quotes as reported by exchanges on May 26, 2010. Open High Low Settlement Change Volume Open interest Australian dollar, $100,000, USD per AUD (CME Group) June 2010 0.8266 0.8373 0.8171 0.8236 0.0062 146,968 Sept. 2010 0.8165 0.8285 0.8090 0.8152 0.0059 860 British pound, $62,500, USD per GBP (CME Group) June 2010 1.4429 1.4446 1.4330 1.4411 0.0046 105,256 Sep 2010 1.4432 1.4450 1.4339 1.4416 0.0044 1,448 Canadian Dollar, $100,000, USD per CAD (CME Group) June 2010 0.9384 0.9452 0.9305 0.9393 0.0097 126,564 Sept. 2010 0.9378 0.9449 0.9309 0.9392 0.0094 2,264 Euro, 125,000 euros, USD per EUR (CME Group) June 2010 1.2371 1.2380 1.2170 1 2201 -0.0117 400,948 Sept. 2010 1.2388 1.2388 1.2186 1.2216 -0.0118 4,702 Japanese Yen, 12,500,000 yen, USD per 100 yen (CME Group) June 2010 1.1073 1.1136 1.1031 1.1108 0.0009 172,240 Sept. 2010 1.1100 1.1156 1.1053 1.1129 0.0005 2,098 Mexican Peso, MXN500,000, USD per 10MXN. (CME Group) June 2010 0.76800 0.77175 0.76000 0.76375 0.00225 37,776 Sept. 2010 0.76375 0.76375 0.75275 0.75625 0.00225 107 Swiss Franc, CHF125,000, USD per CHF (CME Group) June 2010 0.8661 0.8688 0.8613 0.8629 -0.0012 68,960 Sept. 2010 0.8693 0.8713 0.8644 0.8657 -0.0017 1,817 101,448 4,650 140,369 10,811 111,697 8,647 267,552 13,939 135,113 5,506 84,207 727 46,212 1,938
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