Forward Exchange Rate Assignment | Homework For You
January 23rd, 2020
The spot rate between the U.S. dollar and the New Zealand dollar is $1 = NZD1.6607. If the interest rate in the United States is 6 percent and in New Zealand is 4 percent, then what should be the three-month forward exchange rate?
$0.5368 per NZD
$0.6051 per NZD
$0.7614 per NZD
$0.8075 per NZD. Get Finance homework help today