NO.PZ2023041102000008
问题如下：
Based on Exhibit 2, the one-year forward exchange rate of the Sn/GBP is closest to:
选项：
A.Sn8.75/GBP. B.Sn13.45/GBP. C.Sn14.03/GBP.解释：
First, find the current Sn/GBP exchange rate. Then, find the one-year forward Sn/GBP rate.
1) Sn/GBP = Sn/USD × USD/GBP = 8.50 × 1.6129 = Sn13.70968/GBP. Note that 1.6129 is the inverse of 0.62, which is the GBP/USD exchange rate given in Exhibit 2.
2) The forward rate equals the spot rate multiplied by the ratio of one plus the sona one-year rate divided by one plus the pound one-year rate.
In this case, the forward rate = 13.70968 × 1.065/1.0405 = 14.03249.
首先，找出当前Sn/GBP的汇率。然后，计算出一年期远期Sn/GBP汇率。
1) Sn/GBP = Sn/USD × USD/GBP = 8.50 × 1.6129 = Sn13.70968/GBP。
请注意，1.6129是0.62的倒数，0.62是表2中给出的英镑/美元汇率。
2)远期汇率等于即期汇率乘以（1+一年期英镑汇率除以1加一年期英镑汇率的比率）。
在这种情况下，远期汇率= 13.70968 × 1.065/1.0405 = 14.03249。
