Which of the following describes the way the forward price of a foreign currency is quoted?
A) The number of U.S. dollars per unit of the foreign currency
B) The number of the foreign currency per U.S. dollar
C) Some forward prices are quoted as the number of U.S. dollars per unit of the foreign currency and some are quoted the other way round
D) There are no quotation conventions for forward prices

Question

Quizplus · Accepted Answer

The futures price is quoted as the number of US dollars per unit of the foreign currency.Spot exchange rates and forward exchange rates are sometimes quoted this way and sometimes quoted the other way round.

Which of the Following Describes the Way the Forward Price