Estimate the difference between short-term interest rates in Japan and the United States on May 13, 2015,
Question:
Estimate the difference between short-term interest rates in Japan and the United States on May 13, 2015, from the information in Table 5.4.
Data from Table 5.4.
Transcribed Image Text:
Table 5.4 Futures quotes for a selection of CME Group contracts on foreign currencies on May 13, 2015 Open High Low Prior settlement Australian Dollar, USD per AUD, 100,000 AUD June 2015 0.7972 0.8110 0.7950 0.7977 Sept. 2015 0.7935 0.8070 0.7913 0.7938 British Pound, USD per GBP, 62,500 GBP June 2015 1.5669 1.5766 1.5630 1.5674 Sept. 2015 1.5655 1.5754 1.5622 1.5664 Canadian Dollar, USD per CAD, 100,000 CAD June 2015 0.8326 0.8382 0.8309 0.8331 Sept. 2015 0.8315 0.8367 0.8300 0.8320 Euro, USD per EUR, 125,000 EUR June 2015 1.1224 1.1387 1.1207 1.1225 1.1235 1.1400 1.1222 1.1239 1.1268 1.1419 1.1244 1.1259 Japanese Yen, USD per 100 JPY, 12.5 million JPY June 2015 0.8355 0.8345 0.8404 0.8338 0.8345 Sept. 2015 0.8354 0.8414 0.8349 Swiss Franc, USD per CHF, 125,000 CHF June 2015 1.0781 1.0935 1.0770 Sept. 2015 1.0899 1.0975 1.0899 Sept. 2015 Dec. 2015 1.0782 1.0824 Last trade 0.8087 0.8047 1.5743 1.5733 0.8348 0.8338 1.1367 1.1381 1.1398 0.8400 0.8408 Change Volume +0.0110 +0.0109 94,601 368 +0.0069 156,534 +0.0069 228 +0.0017 +0.0018 61,202 238 +0.0142 250,152 +0.0142 2,924 +0.0139 190 +0.0055 125,686 +0.0053 396 1.0924 +0.0142 18,325 1.0965 +0.0141 17
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Fundamentals Of Futures And Options Markets
ISBN: 9781292422114
9th Global Edition
Authors: John Hull
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