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The Mexican peso currently trades at a spot exchange rate of 12.880 MXN per USD and a one-

The Mexican peso currently trades at a spot exchange rate of 12.880 MXN per USD and a one-

The Mexican peso currently trades at a spot exchange rate of 12.880 MXN per USD and a one-month forward rate of 12.915. What is the annualized forward premium or discount on the peso?

       ___ 3.3% premium             ___ 1.1% discount        ___ 3.3% discount

Abhinav 01-Dec-2019

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