There are plenty of good sites that show current and past spot rates of exchange. Forward rates
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There are plenty of good sites that show current and past spot rates of exchange. Forward rates are less easy to come by, but the Bank of England website gives spot and forward rates for the pound (we suggest that you download the forward rate itself rather than the forward premium). Can you deduce from these whether the interest rate is higher in the United States than in the United Kingdom? Warning: Think about which is the base currency.
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781264101566
11th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
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