mcq 269 bpp kit

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January 11, 2019 at 1:52 pm #500832
maxpopper
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Current spot rate for US dollar/euro is $/euro 2.0000+/-0.0030. Dollar is quoted at a 0.2c premium for forward rate. What will a $2000 reciept be translated to at forward rate?

Sir here just 1 thing I want to ask that the in question its not mentioned that whether dollar is home currency or is it euro.
January 11, 2019 at 4:08 pm #500858
John Moffat
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It is irrelevant. The question asks what amount the $ receipt will be translated to, and it can obviously only be translated to euros – so they will sell $’s and buy €’s.
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