Q1. The spot exchange rate is 2 D/F. The foreign return is 15% and the domestic return is 12%. What should the forward exchange rate be? A) 0.487. B) 2.576. C) 1.948.
Q2. The spot and 30-day forward rates for the Euro are $1.1525 and $1.1015, respectively. The Euro is selling at a forward:
A) discount of $0.051. B) discount of 0.956%. C) premium of $0.051.
Q3. If the 90-day forward rate for the CAD is USD 0.6503, and the spot rate is USD 0.6403, then the annualized premium is:
A) 1.00%.
B) 1.56%.
C) 6.25%.
Q4. The spot and 30-day forward exchange rates for the Swiss franc (CHF) are 0.59984 CHF/USD and 0.62734 CHF/USD, respectively. Relative to the USD, the CHF is selling at a forward: A) differential of 275 points. B) premium of $0.073. C) discount of $0.073.
Q5. A foreign currency is at a forward premium if the forward rate: A) expressed in domestic currency is above the spot rate. B) expressed in domestic currency is below the spot rate. C) expressed in foreign currency/domestic currency is above the spot rate.
Q6. The current spot rate quote is 2 USD/GBP. A 180 day forward discount for the GBP of 2% (annualized) would reflect a forward price of:
A) 2.02 GBP/USD. B) 1.98 USD/GBP. C) 1.96 USD/GBP.
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发表于 2009-1-13 11:51
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