Question: us dollars are currently being quoted at a 60day spot...
US dollars are currently being quoted at a 60-day Spot rate of $1.6050/£. US dollars are also being quoted at a Forward rate of $1.6015/£. Is the dollar at a Forward Premium or Forward Discount and by what annualized percentage?
The Spot Singapore dollar is quoted Bid S$1.7160/US$ and Ask S$1.7200/US$. What is the direct Bid and Ask quote in the United States to the nearest 4 decimal points?
please explain and show all work, thank you!