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What would it cost you in nzd to purchase a usd 2 million

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Reference no: EM132506040

A New Zealand company receives the following indirect quotes for the spot and threemonth forward rates for NZD/USD.

Bid Ask 

Spot rate 0.647 0.652

Three-month forward rate 0.633 0.639

(a) What would you receive in NZD if you sold USD 1.5 million at the spot rate?

(b) What would it cost you in NZD to purchase a USD 2 million three-month forward contract

Reference no: EM132506040

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