please help me to get details in steps to get answer
AUD/JPY: since Japan's one year interest rate is around 1 per cent and Australia's about 5 per cents are favourable to Australian exporters.
calculation: spot multiplied by Japanese interest rate divided by Australia rate = forward.
solution: this adds around AUD40 000 profit per AUD 1 million for exports (or cost for imports)
please show me the steps
thanks
评论
interest rate parity: (1+ JPY i)*S=(1 + AUD i)*F
=> F=(1+ JPY i)*S/[(1 + AUD i)]
=> F =1.01/1.04*S
Forward rate = 101/104*Spot Rate<spot rate (Rate quoted as AUD to JPY)
haven't seen context, donno about the extra profit...
评论
哈囉 ! Avil
請告訢我加分給你的方法， 謝
可否再解說以下：
１）interest rate parity: (1+ JPY i)*S=(1 + AUD i)*F
=> F=(1+ JPY i)*S/[(1 + AUD i)]
=> F =1.01/1.04*
為什麼 ＡＵＤｉ 是０.04 而不是 0.05 (5%) ????
Forward rate = 101/104*Spot Rate<spot rate (Rate quoted as AUD to JPY)
這 < spot rate 是 什麼意思 ?
评论
不好意思，0.04打错了，应该是0.05
小于号只是说远期汇价会低与现货汇价
至于为啥有extra profit，没看到语境不清楚。
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