A research report produced by a dealer includes the following exchange rates:
The most accurate calculation of the expected appreciation(%)of the Canadian dollar(CAD)relative to the British pound(GBP)is:
A.-2.04%.
B.0.7%.
C.2.99%
Answer:C
CAD/GBP
1.774
1.721
–2.99%
CAD/GBP=(USD/EUR)×(EUR/GBP)/(USD/CAD)
Spot rate of CAD/GBP=1.396×1.285/1.011=1.774
Expected spot rate of CAD/GBP=1.386×1.279/1.030=1.721
Previously it cost$1.774 to buy 1 GBP;it is expected to cost$1.721 to buy 1 GBP in 1 year so the Canadian dollar has appreciated by 2.99%.
解析：
利率的题目最关键的第一步是确定要求的是什么，这里是Canadian dollar(CAD)relative to the British pound(GBP)，意思就是CAD/GBP。
然后我们有的是，
所以，
所以是（1）/（2）*（3）
算即期为1.774，算远期为1.721
所以，（1.721-1.774）/1.774=-2.99%
