Omani importer called foreign exchange dealer and asked the exchange rate OMR/QAR on the spot and 3 months, 6 months and 9 months forward. The dealer responded with the following rates: OMR...

Omani importer called foreign exchange dealer and asked the exchange rate OMR/QAR on the spot and 3 months, 6 months and 9 months forward. The dealer responded with the following rates:

OMR 0.105751/88 4/6 7/4 8/10

Requirement:

a) Determine the spot rate and different period’s forward rate in clear term for OMR per QAR (Qatari Riyal).

b) If you wanted to purchase spot OMR, how much would you have to pay in QAR?

Jun 04, 2022

SOLUTION.PDF

Omani importer called foreign exchange dealer and asked the exchange rate OMR/QAR on the spot and 3 months, 6 months and 9 months forward. The dealer responded with the following rates: OMR...

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