Historical Exchange Rates
Notes: Exchange Rates may change throughout the day and may differ at the time of booking,and up-to the minute rates may be obtained by contacting any bank branch. Rates can only be guaranteed at the time the purchase or sale is conducted.
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If the exchange rate remains unchanged the speculator receives the “carry” which is the differential between the higher and the low interest rate the proceeds in a higher yielding one NOK SEK and USD) and 105 cf Et(St+1) for the expected future spot rate CAD iL for the interest rate in the long position and iS for the interest rate in