A spot exchange rate is currently 2.350. The one-month forward is 2.362. What is the one-month interest
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A spot exchange rate is currently 2.350. The one-month forward is 2.362. What is the one-month interest rate assuming there is no arbitrage?
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A forward exchange contract (FEC) is an agreement between two parties to effect a currency transaction, usually involving a currency pair not readily accessible on forex markets. FECs are traded OTC with customizable terms and conditions, many times referencing currencies that are illiquid, blocked, or inconvertibl
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