求问 level 1 Econ 一道题 forward, interest, increase, expected, currency

kiwik

教材 Reading21. Currency Exchange Rates 的习题14题
A forward premium indicates:

A. an expected increase in demand for the base currency.

B. the interest rate is higher in the base currency than in the price currency.

C. the interest rate is higher in the price currency than in the base currency.

(Institute 209)

Institute, CFA. 2015 CFA Level I Volume 2 Economics. Wiley Global Finance, 2014-07-14. VitalBook file.

A为什么是错的呢？远期有premium意味着base currency升值，为什么不是expected increase in demand for the base currency？

shiverson

currency exchange rate的premium/discount一定是二者比较。你这一种货币需求量提高不足以推断就一定会升水啊。