F=S*（1+ra）/（1+rb）rb上升F下降
NO.PZ2023071902000096 问题如下 Question Holng other factors constant, in a well-functioning market, increase in whiof the following will leto a cline in the forwarexchange rate? A.spot exchange rate. B.foreign risk-free interest rate. C.mestic risk-free interest rate. SolutionIncorrect, sinincrease in the spot exchange rate typically pushes the forwarexchange rate upwar not wnwarIncorrect, uptiin the internationrisk-free interest rate typically causes the forwarexchange rate to ascen rather thcline.Correct, baseon the arbitrage relationship. The equation for the forwarrate is noteas:Ff/= Sf/× [(1 + if)/(1 + i]], where Ff/represents the forwarexchange rate, if stan for the internationrisk-free interest rate, an i signifies the home country's risk-free interest rate. This formula suggests thwhen the home country's risk-free interest rate rises, it lea to a op in the forwarexchange rate.Exchange Rate Calculations• 为什么里面forwarexchange rate 是F(f/ 而不是F(f) ?
