Spot Rate - 35.6000/6500 Forward 1M=3500/3000 2M=5500/3000 3M=8500/8000 Transit Period - 20 days.

Discussion in 'IIBF JAIIB CAIIB' started by harami, Sep 8, 2017.

  1. harami

    harami New Member

    Spot Rate - 35.6000/6500 Forward 1M=3500/3000 2M=5500/3000 3M=8500/8000 Transit Period - 20 days. Exchange Margin - 0.15%. Find 2 M Forward Buying Rate. a. 31.1971 b. 34.1971 c. 31.6976 d. 34.6976 Ans – d Explanation : Bcz, it is having Transit Period - 20 days and 2 M Forward, 3 Month Forward Buying Rate will be applied. 20 days + 2M. Spot Rate = 35.6000 Less Forward Discount of 3M (.8500) Less Exchange Margin (.0521) i.e. 35.6000-.8500-.0521(0.15% of 34.7500) = 34.6979 Ans.
     
    harami, Sep 8, 2017
    #1
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