Exchange rates- spot and forward
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If I plan to go to Germany 30 days and the spot exchange rate is $1.30=1 euro. The 30-day forward rate is $1.36=1 euro. Disregarding fees, would it be better to exchange dollars for euro now or wait until I get to Europe in 30 days? Why?
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Solution Summary
Discusses whether to exchange dollars for euro now or wait for 30 days.
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Suppose you have $10,000 to convert to euros
If you convert them now you get ...
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