2013 June Q3 Kenduri

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March 3, 2018 at 6:17 am #439779
nickstar
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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
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Oh sorry, I wrongly assumed it was a receipt
March 3, 2018 at 11:21 am #439840
John Moffat
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No problem 🙂
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