Examlex
The one-year forward exchange rate is 50 INR/USD.If the one-year interest rate in the United States is 5% and in India it is 8%,what is the spot exchange rate so as to preclude arbitrage?
Monetary Items
Financial assets and liabilities that carry a fixed monetary value, such as cash, receivables, and payables.
Foreign Currency
Currency used in a country other than one’s own, requiring exchange rate conversion for transactions and financial reporting.
Closing Rate
The exchange rate used to convert foreign currency transactions and balances into the reporting currency of a company at the end of an accounting period.
Historical Rate
The exchange rate at which a foreign currency transaction was converted into the reporting currency at the time of the transaction.
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