Question: Using Exhibit 5.7, calculate the three-month forward premium or discount for the Euro versus the U.S. dollar. For simplicity, assume each month has 30 days.

Using Exhibit 5.7, calculate the three-month forward premium or discount for the Euro versus the U.S. dollar. For simplicity, assume each month has 30 days. (X.XX%) or (-X.XX%)

222 / 881 90% rencies April 3, 2019 .-dollar foreign exchange rates in late New York trading Wed - Country/Currency In US$ Per US$ - Wed Thailand baht 03150 31.748 untry/ Currency In US$ Per US$ Vietnam dong 00004 23146.3 mericas Europe Argentina peso 0233 42.854 Czech Rep. koruna 04372 22.874 Brazil real 2583 3.8715 Denmark krone 1 505 6.6457 Canada dollar 7493 1.3345 Euro area euro 1.1233 8903 Chile peso 001 500 666.73 1-mos forward 1.1262 8880 Colombia peso 000320 3123.6 3 mos forward 1.1319 8835 Ecuador US dollar 6 mos forward 1 1407 8767 Mexico peso 0520 19.220 Hungary forint 00351 284.71 Peru new sol 3034 3.296 Norway krone 1167 8.5728 Uruguay peso 02965 33.4300 Poland zloty 2619 3.8183 Asia-Pacific Russia ruble 01 533 65.241 Australian dollar Sweden krona 1079 9.2695 7113 1.4060 Switzerland franc 1.0018 9982 1-mos forward 7117 1,4051 1-mos forward 1.0047 9953 3-mos forward 7125 1.4035 3-mos forward 1.0104 9897 6-mos forward 7139 1.4008 6-mos forward 1.0193 9811 China yuan 1490 6.7114 Turkey lira -1778 5.6248 Hong Kong dollar 1274 7.8494 UK pound 1.3158 .7600 India rupee .01461 68.425 1-mos forward 1.3180 7588 Indonesia rupiah .0000703 14223 3-mos forward 1.3218 7565 Japan yen 00897 111.49 6-mos forward 1.3277 7532 1-mos forward 00899 111.22 Middle East/Africa 3-mos forward 00903 110.70 Bahrain dinar 2.6526 3770 6-mos forward 0091 0 109.90 Egypt pound .0577 17.325 Malaysia ringgit 2452 4.0790 Israel shekel 2777 3.6016 New Zealand dollar 6778 1.4753 Jordan dinar 1.4104 17090 Pakistan rupee 00709 140.47 Kuwait dinar 3.2854 3044 Philippines peso 0192 52.124 Lebanon pound 00066 1507.50 Singapore dollar 7387 1.3537 Saudi Arabia riyal 2666 3.7504 South Korea won .0008814 1134.5 South Africa rand 0707 14.146 Taiwan dollar 03246 30.812 UAE dirham 2723 3.6730 Source: Compiled using data from Bloomberg and OANDA online currency converter at www.oanda.com. tv

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