The following table shows interest rates and exchange rates for the U.S. dollar and the Philippine peso in 2007. The spot exchange rate is 47.43 pesos = $1. Complete the missing entries:
The following table shows interest rates and exchange rates for the US dollar and the South African rand. The spot exchange rate is 5,855 rands = $1. complete the missing entries:
1 month 3 Months 1 Year
Dollar interest rate
Annually compounded 5.00 4.9375 ?
Rand interest rate
Annually compounded 18.30 ? 16.00
Forward rands per dollar ? ? 6.4675
Forward premium on rand
(% per year) ? -10.9 ?