If you have to pay 1million pounds to uk firm in 60 days, Financial Management

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If you have to pay 1million pounds to uk firm in 60 days

If you have to pay 1million pounds to UK firm in 60 days. The current spot rate is $1.8 per pound. Two people forecast the future spot rate after 60 days. Jenny forecasts that the spot rate will be $1.72 per pound after 60 days. Amy forecasts that the spot rate will be $1.83 per pound. The future 60 days forward rate is $1.82 and the actual spot rate in 60 days is $1.81. Who has the better forecast? Why?

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Financial Management: If you have to pay 1million pounds to uk firm in 60 days

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Financial Management: If you have to pay 1million pounds to uk firm in 60 days

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