question archive You are an FX trader at a bank registered in Hong Kong
Subject:FinancePrice:2.87 Bought7
You are an FX trader at a bank registered in Hong Kong. You have been tasked to formulate and execute a currency carry trade strategy involving the U.S. Dollar (USD) and the Armenian Dram (AMD). Suppose you observe that the spot price of USD in terms of AMD is 478.47 and the 1-year USD and AMD deposit rates are 2.6% and 9.5%, respectively.
Purchased 7 times