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2013 June Q3 Kenduri

This topic has 2 replies, 2 voices, and was last updated 7 years ago by John Moffat.

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March 3, 2018 at 6:17 am #439779
nickstar
Member
- Topics: 24
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Dear Sir,
Why is 1.5996 used in the forward market? Shouldn’t the less favourable rate of 1.6037 for the 3-month forward be used instead?
March 3, 2018 at 6:20 am #439780
nickstar
Member
- Topics: 24
- Replies: 23
Oh sorry, I wrongly assumed it was a receipt
March 3, 2018 at 11:21 am #439840
John Moffat
Keymaster
- Topics: 57
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No problem 🙂
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