Currently the spot exchange rate is 1533 per pound usdgbp


Currently the spot exchange rate is $1.533 per pound (USD/GBP). The interest rate in the UK is 6%. The one-year forward exchange rate is $1.5200/GBP. If interest rate parity holds, what must be the US interest rate for the same period?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Currently the spot exchange rate is 1533 per pound usdgbp
Reference No:- TGS02135984

Expected delivery within 24 Hours