The following data are assembled. Note: Nanotronics is neither a banker nor an FX (foreign exchange) dealer. It takes the rates and figures in the market as they are given to it. Spot rate: Buy rate...

The following data are assembled. Note: Nanotronics is neither a banker nor an FX (foreign exchange) dealer. It takes the rates and figures in the market as they are given to it. Spot rate: Buy rate MXN 19.235/USD; Spot rate: Sell rate MXN 19.385/USD Nine-month forward rate: Buy rate MXN 20.115/USD Nine-month forward rate: Sell rate MXN 20.265/USD U.S commercial interest rate (borrowing) 4.5 percent U.S commercial interest rate (lending) 1.0 percent Mexico commercial interest rate (borrowing or lending) 6.5 percent.

Dec 14, 2021
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