Connect with a global community of experts on IDNLearn.com. Get accurate and detailed answers to your questions from our knowledgeable and dedicated community members.
Sagot :
Assuming the 30-day forward exchange rate was $1 = 130 and the spot exchange rate was $1 = ×120, the dollar is selling at a premium on the 30-day forward market.
An over-the-counter market known as a forward market determines the price of a financial instrument or asset for future delivery. Although a variety of assets can be traded on forward markets, the phrase is most frequently used to refer to the foreign currency market.
Minimizing risk and fixing the price of an asset or financial instrument for the future is one of the forward market's primary goals. Any party can enter into a contract through the forward market when they want to reduce risk and fix the price of any asset or financial instrument.
To know more about forward market refer to: https://brainly.com/question/15707984
#SPJ4
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Trust IDNLearn.com for all your queries. We appreciate your visit and hope to assist you again soon.
