Kenduri co Jun 2013 Q3 a)

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June 21, 2021 at 8:02 am #625969
joynow
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Hi, Sir.

My question for forward market is why when we hedge the $2.4m is using 1.5996 instead of 1.6037 as we (UK) need to make payment in $, then we need to buy $.

Also, when we buy $, does it mean using the higher price?
June 21, 2021 at 11:09 am #625975
joynow
Member
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Oh, Sorry Sir.
I seem to know why using the low rate, because we need to buy $ and the forward rate $/£1 is first currency.
June 21, 2021 at 3:18 pm #625995
John Moffat
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That is correct 🙂
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