Q 1} We have the following quotes: Spot exchange rate: 1.2571 1.2584 CHF/USD 3-months forward: 14

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Q 1} We have the following quotes:

Spot exchange rate: 1.2571 – 1.2584 CHF/USD

3-months forward: 14 to 20

Calculate the number of points spread for the forward rate.

Q2} You are planning to travel from Jeddah, Saudi Arabia to Paris, France. You leave Jeddah with 14.2 thousands of SAR in your wallet. Wanting to exchange all of these for euros, you obtain the following quotes.

Spot rate on the riyal/euro cross rate 4.4651 SAR/EUR

Spot rate on the euro/dollar cross rate: 0.2248 EUR/USD

How many thousands of euros will you obtain for your riyals?

Related Book For answer-question

Probability & Statistics for Engineers & Scientists

ISBN: 978-0130415295

7th Edition

Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying

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Posted Date: Apr 29, 2022 02:45 AM

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Q 1} We have the following quotes: Spot exchange rate: 1.2571 1.2584 CHF/USD 3-months forward: 14

Question:

Expert Answer:

O Griven Spor 3 month forward 1257112584 CHF USD 1420 bid ask quote of forward 102584 20 1... View the full answer

Probability & Statistics for Engineers & Scientists

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