An Indian Merchant importing goods from UK worth 1 million GBP. But there is no direct quotation
Fantastic news! We've Found the answer you've been seeking!
Question:
An Indian Merchant importing goods from UK worth 1 million GBP. But there is no direct quotation between GBP INR is available in the market. The spot rate in the market available is GBP USD 1.2100 INR USD 0.012.
a.Calculate the exchange rate between GBP INR using the above information
b.Assume that spot quotation between USD INR 80.7400- 80.8700. The six months forward is 216.25-218.25. Calculate the six months forward bid and ask rate for USD INR
Expert Answer:
a To calculate the exchange rate between GBP and INR we can use the given information Spot rate GBPU... View the full answer
Related Book For 
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
Posted Date:
