Country | USD equiv. | Currency per USD | ||
Tuesday | Monday | Tuesday | Monday | |
U.K. (Pound) | 1.7368 | 1.7424 | 0.5758 | 0.5739 |
1 Month Forward | 1.7369 | 1.7425 | 0.5757 | 0.5739 |
3 Months Forward | 1.738 | 1.7434 | 0.5754 | 0.5736 |
6 Months Forward | 1.7409 | 1.7461 | 0.5744 | 0.5727 |
Canada (Dollar) | 0.8667 | 0.8653 | 1.1538 | 1.1557 |
1 Month Forward | 0.8674 | 0.866 | 1.1529 | 1.1547 |
3 Months Forward | 0.8688 | 0.8674 | 1.151 | 1.1529 |
6 Months Forward | 0.8708 | 0.8693 | 1.1484 | 1.1504 |
Japan (Yen) | 0.008518 | 0.008495 | 117.3985 | 117.7163 |
1 Month Forward | 0.008548 | 0.008525 | 116.0631 | 117.3021 |
3 Months Forward | 0.008616 | 0.008593 | 116.0631 | 116.3738 |
6 Months Forward | 0.008724 | 0.0087 | 114.6263 | 114.9425 |
Switzerland (Franc) | 0.7648 | 0.7652 | 1.3075 | 1.3068 |
1 Month Forward | 0.767 | 0.7674 | 1.3038 | 1.3031 |
3 Months Forward | 0.7718 | 0.7722 | 1.2957 | 1.295 |
6 Months Forward | 0.7791 | 0.7794 | 1.2835 | 1.283 |
Euro | 1.2000 | 1.1906 | 0.8333 | 0.8399 |
Using the table what is the 6-month forward pound–yen cross-exchange rate (pound/yen)? Use Tuesday rates.
USD equivalent rates means $ is in numerator and another currency in denominator like ; $/pound, $/yen, $/Euro etc.
Currency Per USD rate means $ is in denominator and another currency in numerator like : Pound/$ , Yen/$, Euro/$ etc.
Now,
Pound/$ 6 months forward rates = 0.5744
$/yen 6 months forward rate = 0.008724
So, Pound/yen 6 month forward rate = 0.5744*0.008724
So, Pound/yen 6 month forward rate = 0.0050110656
So, Pound/yen 6 month forward rate = 0.00501107 (rounded off)
So, 6-month forward pound–yen cross-exchange rate (pound/yen) = 0.0050110656 or 0.00501107.
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