On March 25, 2008, the spot price of a U.S. dollar was 1.0184 Canadian dollars.Meanwhile, the U.S. 3-month T-bill rate was 1.34 percent per annum and the corresponding Canadian interest rate was 1.85 percent per annum.
Compute the 3-month forward U.S./Canadian exchange rate on March
25, 2008. Your answer should be accurate to four decimal places.
econ question, plz help
2008-04-04 12:12 pm
回答 (1)
2008-04-07 7:36 pm
✔ 最佳答案
3-month USD/CAD forward exchange rate = 1.0184*(1 1.85%*3/12)/(1 1.34%*3/12)=1.0184*(1.004625/1.00335)=1.0197(corrected to 4 decimal places).That is to say, CAD will depreciate in long run against USD, as CAD enjoys higher interest rate than US.
收錄日期: 2021-04-13 15:23:28
原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20080404000051KK00399