Homework answers / question archive / Today, the Japanese yen - Canadian dollar exchange rate is 98

Today, the Japanese yen - Canadian dollar exchange rate is 98

Finance

Share With

Today, the Japanese yen - Canadian dollar exchange rate is 98.00. What is the 2-year forward exchange rate if the Japanese yen interest rate is 0.2404% and the Canadian dollar interest rate is 1.08%? Assume these rates are continuously compounded. 
Select one: 
a. 99.381 JPY/CAD b. 99.831 JPY/CAD c. 98.642 JPY/CAD d. 96.368 JPY/CAD Q e. 96.638 JPY/CAD