Question: Multiple choice question ( This is the only information I have for the question) You expect to receive in a month the proceeds of a

Multiple choice question ( This is the only information I have for the question)

You expect to receive in a month the proceeds of a shipment of machinery parts to the UK. Determine which exchange rate would be applicable if you were to cover this transaction in British pounds forward.

Currency Spot rate 1 month

USD/ZAR 13,1658/13,1783 695/785

GBP/USD 1,2714/1,2722 35/20

a.16,6965

b.16,6665

c.16,7810

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