Solved: Forward exchange rate for the payment, Finance Basics

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Forward exchange rate for the payment

Problem:

Spot Value Purchase vs Forward Exchange Rate Purchase: I need to purchase 100,000 yen for next month. Should I spot purchase or forward exchange rate purchase. I only have US Dollars to spend and need to purchase yen. I have determined that if I spot buy I would need $808.08 to make the payment today. Would it be better to forward exchange rate for this payment?

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Finance Basics: Forward exchange rate for the payment

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