Using Exhibit 5.7, calculate the six-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%)
Using Exhibit 5.7, calculate the six-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%)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Using Exhibit 5.7, calculate the six-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%)
![3.8183
65.241
1,1407
Switzerland franc
EXHIBIT 5.7 Exchange Rates
9.2073
Currencies
April 3, 2019
Wed
|
-
U.S. dollar foreign-exchange rates in late New York trading
Country/Currency
In USS
Per US$
- Wed -
Thailand baht
Vietnam dong
03150
31.748
Country/Currency
In US$
Per US$
00004
23146.3
Americas
Europe
Czech Rep. koruna
Denmark krone
Argentina peso
0233
42.854
04372
22.874
Brazil real
2583
3.8715
.1505
1.1233
6.6457
Canada dollar
1493
1.3345
Euro area euro
1-mos forward
3-mos forward
6 mos forward
8903
Chile peso
.001 500
666.73
1.1262
8880
Colombia peso
Ecuador US dollar
000320
3123.6
1.1319
8835
1.1407
8767
Hungary forint
Norway krone
Poland zloty
Russia ruble
Mexico peso
0520
19.220
00351
284.71
Peru new sol
3034
3296
.1167
8.5728
Uruguay peso
02965
33.4300
2619
3.8183
01533
65.241
Asia-Pacific
Sweden krona
1079
9.2695
Australian dollar
7113
1.4060
1.0018
9982
1-mos forward
.7117
1.4051
1-mos forward
3-mos forward
6-mos forward
1.0047
9953
3-mos forward
6-mos forward
7125
1.4035
1.0104
9897
7139
1.4008
1.0193
9811
China yuan
.1490
6.7114
Turkey lira
UK pound
1-mos forward
3-mos forward
1778
5.6248
Hong Kong dollar
India rupee
Indonesia rupiah
1274
7.8494
1.3158
7600
01461
68.425
1.3180
7588
0000703
14223
1.3218
7565
Japan yen
.00897
6-mos forward
111.49
1.3277
7532
1-mos forward
.00899
111.22
Middle East/Africa
3-mos forward
6-mos forward
Malaysia ringgit
New Zealand dollar
Pakistan rupee
.00903
110.70
Bahrain dinar
2.6526
3770
00910
109.90
Egypt pound
Israel shekel
.0577
17.325
4.0790
1.4753
2452
2777
3.6016
6778
Jordan dinar
1.4104
7090
00709
140.47
Kuwait dinar
3.2854
3044
Philippines peso
Singapore dollar
South Korea won
0192
52.124
Lebanon pound
Saudi Arabia riyal
00066
1507.50
.7387
1.3537
2666
3.7504
.0008814
1134.5
South Africa rand
0707
14.146
Taiwan dollar
03246
30.812
UAE dirham
2723
3.6730](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb710c207-272c-4903-bf55-9cf18aa2f186%2F202dd902-ea90-488c-baaa-af8ee78f663c%2Fd05js1h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3.8183
65.241
1,1407
Switzerland franc
EXHIBIT 5.7 Exchange Rates
9.2073
Currencies
April 3, 2019
Wed
|
-
U.S. dollar foreign-exchange rates in late New York trading
Country/Currency
In USS
Per US$
- Wed -
Thailand baht
Vietnam dong
03150
31.748
Country/Currency
In US$
Per US$
00004
23146.3
Americas
Europe
Czech Rep. koruna
Denmark krone
Argentina peso
0233
42.854
04372
22.874
Brazil real
2583
3.8715
.1505
1.1233
6.6457
Canada dollar
1493
1.3345
Euro area euro
1-mos forward
3-mos forward
6 mos forward
8903
Chile peso
.001 500
666.73
1.1262
8880
Colombia peso
Ecuador US dollar
000320
3123.6
1.1319
8835
1.1407
8767
Hungary forint
Norway krone
Poland zloty
Russia ruble
Mexico peso
0520
19.220
00351
284.71
Peru new sol
3034
3296
.1167
8.5728
Uruguay peso
02965
33.4300
2619
3.8183
01533
65.241
Asia-Pacific
Sweden krona
1079
9.2695
Australian dollar
7113
1.4060
1.0018
9982
1-mos forward
.7117
1.4051
1-mos forward
3-mos forward
6-mos forward
1.0047
9953
3-mos forward
6-mos forward
7125
1.4035
1.0104
9897
7139
1.4008
1.0193
9811
China yuan
.1490
6.7114
Turkey lira
UK pound
1-mos forward
3-mos forward
1778
5.6248
Hong Kong dollar
India rupee
Indonesia rupiah
1274
7.8494
1.3158
7600
01461
68.425
1.3180
7588
0000703
14223
1.3218
7565
Japan yen
.00897
6-mos forward
111.49
1.3277
7532
1-mos forward
.00899
111.22
Middle East/Africa
3-mos forward
6-mos forward
Malaysia ringgit
New Zealand dollar
Pakistan rupee
.00903
110.70
Bahrain dinar
2.6526
3770
00910
109.90
Egypt pound
Israel shekel
.0577
17.325
4.0790
1.4753
2452
2777
3.6016
6778
Jordan dinar
1.4104
7090
00709
140.47
Kuwait dinar
3.2854
3044
Philippines peso
Singapore dollar
South Korea won
0192
52.124
Lebanon pound
Saudi Arabia riyal
00066
1507.50
.7387
1.3537
2666
3.7504
.0008814
1134.5
South Africa rand
0707
14.146
Taiwan dollar
03246
30.812
UAE dirham
2723
3.6730
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Follow-up Questions
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Follow-up Question
Using Exhibit 5.7, calculate the three-month forward premium or discount for the Swiss franc versus the U.S. dollar. For simplicity, assume each month has 30 days. (X.XX%) or (-X.XX%)
Solution
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