Answer to Question #82726 in Economics for bish

Question

A Kenyan firm has imported goods from Uganda and it has invoiced in Ush 600 million payable in 6 months’ time. The current exchange rates are as follows:-
Ushs/Ksh (spot rate)- 24.75 - 25.25
6 months forward premium 1.10- 1.25
Required
i. Determine the month’sforward exchange rate
ii. Determine the amount to be paid by the Kenyan firm in 6 months’ time in Kshs

Answer 1

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