translated rate

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May 1, 2016 at 9:46 am #313248
josy87
Member
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Hi sir
The current spot rate for dollar/euro is $/€ 2.000+/-0.003. The dollar is quoted at 0.2c premium for the forward rate.
What will a$2000 receipt be translated to at a forward rate?
Please I don’t understand when it is 2000+/-0.003
May 1, 2016 at 1:24 pm #313258
John Moffat
Keymaster
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2.000 +/- 0.003 means that the two rates are 1.997 (2.000 – 0.003) and 2.003 (2.000 + 0.003)
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