FOREX calculation
This query is : Resolved
06 March 2011
hello...someone please spare 5 minutes and solve it for me.....
Spot rate- Re 1 = SGD 0.0312
3 months forward Re 1 = SGD 0.0310
find out the appreciation or depreciation of SGD.
hello...someone please spare 5 minutes and solve it for me.....
Spot rate- Re 1 = SGD 0.0312
3 months forward Re 1 = SGD 0.0310
find out the appreciation or depreciation of SGD.
CA Ravi Sisodia
(Expert)
06 March 2011
indian ncurrency is in depreciation.
SGD is in appreciation.
SGD is in appreciation.
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CA Ravi Sisodia
(Expert)
06 March 2011
premium rate = .0002/.0310 = 0.645 %(for 3 months)
premium rate per annum = .645 * 12/3 = 2.58%
premium rate per annum = .645 * 12/3 = 2.58%
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CA Ravi Sisodia
(Expert)
07 March 2011
most welcome sneha !!!
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