The currency quote machine at the foreign exchange trader's office shows following exchange rates between Bahraini Dinar
Posted: Tue Nov 16, 2021 7:40 am
The currency quote machine at the foreign exchange trader's office shows following exchange rates between Bahraini Dinar (BHD) and Philippine Peso (PHP). From the information determine: Currency Spot 1 month forward 3 months forward Bid Ask Bid Ask Bid Ask of BHD / PHP 116.2100 116. 2119 116.2126 116.2135 116.2130 116.2140 Calculate 1-month forward spread. a. 0.9800 o b. 1.0080 OC. 0.0009 O d. 0.1009