Answer Happy

Posted: **Tue Jan 18, 2022 12:57 pm**

: 7 The Spot Exchange Rate For Us Dollars Is 0 85 The Eighteen Month Interest Rate For Us Dollar Accounts Is 4 2 Per A 1 (27.2 KiB) Viewed 47 times

7. The spot exchange rate for US dollars is €0.85. The eighteen month interest rate for US dollar accounts is 4.2% per annum whereas the eighteen month interest rate of Euro-currency accounts is 6% per annum. What is the futures exchange rate for US dollars for delivery in eighteen months?