Asked by B

The spot exchange rate for the Canadian dollar is Can $1.14 and the six-month forward rate is Can $1.17. Calculate whether a U.S. dollar or a Canadian dollar is worth more.
Answered by bobpursley
What calculation? A canadian dollar is worth 1/1.14 US cents. If a US dollar will buy a quart of milk, the canadian dollar byes less than a quart.
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