Country U.S. $ equiv. Currency per U.S. $

Tuesday Monday Tuesday Monday

Britain (Pound) £62,500 1.6000 1.6100 0.6250 0.6211

1 Month Forward 1.6100 1.6300 0.6211 0.6173

3 Month Forward 1.6300 1.6600 0.6173 0.6024

6 Month Forward 1.6600 1.7200 0.6024 0.5814

13 Month Forward 1.7200 1.8000 0.5814 0.5556

Using the table shown,what is the most current spot exchange rate shown for British pounds? Use a direct quote from a U.S.perspective.

Question

Country	U.S. $ equiv.		Currency per U.S. $
	Tuesday	Monday	Tuesday	Monday
Britain (Pound) £62,500	1.6000	1.6100	0.6250	0.6211
1 Month Forward	1.6100	1.6300	0.6211	0.6173
3 Month Forward	1.6300	1.6600	0.6173	0.6024
6 Month Forward	1.6600	1.7200	0.6024	0.5814
13 Month Forward	1.7200	1.8000	0.5814	0.5556

Using the table shown,what is the most current spot exchange rate shown for British pounds? Use a direct quote from a U.S.perspective.

Quizplus · Accepted Answer

The most current spot exchange rate shown for British pounds can be found in the column "U.S. Dollar Equivalent" and the row "British Pound". The direct quote from a U.S. perspective can be read from left to right, which gives $1.60 for every £1.00.