Look again at Table 27.1. Which countries would you expect to have a lower 1-year interest rate
Question:
Look again at Table 27.1. Which countries would you expect to have a lower 1-year interest rate than the United States?
Table 27.1
Transcribed Image Text:
Forward Rates 1 Year Abbreviation Spot Rate 3 Months 6 Months Europe: 1.1916 Euro EUR or € 1.1758 1.1800 1.1845 CZK Czech Republic (koruna) 21.853 21.605 21.549 21.388 HUF 264.438 Hungary (forint) 267.28 265.703 261.520 Poland (zloty) PLN 3.5773 3.5691 3.5668 3.5618 Russia (ruble) RUB 58.879 59.453 60.205 61.501 Sweden (krona) SEK 8.4976 8.4388 8.3886 8.2836 Switzerland (franc) CHF .99059 .98222 .97504 .96089 United Kingdom (pound) 1.3383 GBP or £ 1.3321 1.3428 1.3520 Americas: Brazil (real) BRL 3.3124 3.3333 3.3664 3.4364 CAD Canada (dollar) 1.2854 1.2841 1.2820 1.2881 Chile (peso) CLP 635.93 635.77 636.62 639.14 Mexico MXN 19.131 19.417 19.728 20.371 Pacific/Middle East/Africa: Australia (dollar) 1.3084 AUD 1.3077 1.3082 1.3084 China (yuan) CNY 6.6076 6.6542 6.6947 6.7668 India (rupee) INR 64.148 64.358 65.407 66.676 Israel (shekel) ILS 3.5144 3.5010 3.4854 3.4511 Japan (yen) 111.34 JPY or ¥ 112.61 111.94 109.99 New Zealand (dollar) NZD 1.4294 1.4312 1.4323 1.4339 South Africa (rand) ZAR 13.180 13.365 13.555 13.942 South Korea (won) 1,087.3 KRW 1,089.2 1,085.7 1,082.1 TRY 3.9739 Turkey (lira) 3.8676 4.0899 4.3306
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Related Book For
Principles of Corporate Finance
ISBN: 978-1260013900
13th edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen
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