Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 15 March 1989
Length: 15 pages
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https://casecent.re/p/47629
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Abstract
Describes the operation of foreign exchange markets, including bid- offer spreads, cross rates, reciprocal rates, and forward rates. Provides several examples to demonstrate calculation of outright forward rates using discount and premium points quoted in the London Financial Times. Other examples demonstrate interest rate parity, and hedging foreign debt using long-dated forwards.
About
Abstract
Describes the operation of foreign exchange markets, including bid- offer spreads, cross rates, reciprocal rates, and forward rates. Provides several examples to demonstrate calculation of outright forward rates using discount and premium points quoted in the London Financial Times. Other examples demonstrate interest rate parity, and hedging foreign debt using long-dated forwards.