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03 19.16 30 day forward rate 1.
Shown below are exchange rate for several currencies (please answer the questions below provided the rates)
Spot Rate 1.21 1.03 19.16
30 day forward rate 1.19 1.06 20.15
60 day forward rate 1.15 1.07 21.28
Is the euro appreciating or depreciating against the US dollar? explain.
Is the Swiss franc appreciating or depreciating against the US dollar? Why?
Is the Mexican peso appreciating or depreciating against the US dollar? Why?
Using crossed rates, based on spot rate, how many francs will the euro buy, how many euros will the peso buy?
A US company purchase goods from several foreign companies with payment in euros, francs, and pesos. Would the company be better off paying any of the suppliers now or should it wait 60 days? why?
