The U.S. dollar (USD) is the most common currency paired in a FEC trade. There are also active markets using the euro (EUR), the Japanese yen (JPY), and, to a lesser extent, the British pound (GBP) and the Swiss franc (CHF). Forward Exchange Rates Forwardexchange ratesfor most cu...
1 USD = 65.9979 INR 1 INR = 0.0152 USD Conversion to common Currency units Select between other Currency units Australia Dollar 1.113461753 Canadian dollar 1.053699698 Chinese yuan 6.119613975 Euro 0.7579202668 Indian rupee 65.99788807 Japanese yen 99.35419771 Swiss Franc 0.9344999631 Thai baht ...
Calculate the forward premium. Given, Solution: So,Forward Premium = 2.92%. It indicates that if the trader exchanges the currency USD for CAD at a future date, they will receive almost 2.92% in profit. In contrast, if they sell USD for CAD today, they will not make a substantial profit...