The US dollar (USD) to Thai baht (THB) spot exchange rate was 100 USD = 3231.78 THB

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The US dollar (USD) to Thai baht (THB) spot exchange rate was 100 USD = 3231.78 THB in September 2018. By January 2019 it had moved to 100 USD = 3118.74 THB. The 30-day forward rate then was 100 USD = 3198.70 THB.

i. Calculate the appreciation / depreciation of the THB versus the USD. Did the THB appreciate or depreciate against the USD?

ii. What was the interest rate differential between the two currencies in January 2019?

Related Book For answer-question

Advanced Accounting

ISBN: 978-0077431808

10th edition

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

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Posted Date: Feb 23, 2024 01:48 AM

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The US dollar (USD) to Thai baht (THB) spot exchange rate was 100 USD = 3231.78 THB

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Analysis of THB vs USD Exchange Rate i AppreciationDepreciation ... View the full answer

Advanced Accounting

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