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Forward Quotations : Forward rates can be expressed in two ways. Commercial customers are usually quoted the .actual price which is referred to the outright rate. On the other hand, in the interbank market, dealers quote the forward rate only as a discount from, or a premium on the spot rate. This - forward differential is known as the swap rate.
If the forward exchange rate for a currency is higher than the current spot rate, it is said to be trading at a premium for that forward maturity. If the forward rate is below the spot rate, then the currency is said to be trading at a discount. If the forward rate is the same as the spot rate, then it is said to be a; par with the spot rate but it happens only rarely.
State the Nature of Research The nature of research are as below:- (1) Objective & Logical: - Research strives to be logical and objective, applying each possible test
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The sources of documentary information which can aid the process of locating literatures relating to selected research topics are: 1. Subject Catalogues of Libraries: These cata
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