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FOREX calculation

This query is : Resolved 
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(Querist)
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.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
06 March 2011 indian ncurrency is in depreciation.
SGD is in appreciation.
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CA Ravi Sisodia

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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%
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Sunshine

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Sunshine (Querist)
07 March 2011 thank u so much sir..:)
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
07 March 2011 most welcome sneha !!!
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