点数报价法下计算远期汇率的方法浅析

Vol.8No.2Jun.2011JournalofShaoyangUniversityNaturalScienceEdition82201161672-7010201102-0031-032011-03-171985-.510830...F820AAnAnalysisontheMethodsofCalculatingtheForwardExchangeRateUnderForwardMarginGUIJia-yueAbstract:Twomethodsofcalculatingtheforwardexchangerateunderforwardmarginareanalyzed.Onewayneedstoconsiderthequotationofexchangerate,whiletheotherneedn't.Theinternalrelationsofthetwomethodsareillustrated,andthememoryskillsofthemethodofcalculatingforwardratefromtheviewofmathematicsareintroduced.Keywords:forwardexchangerate;forwardmargin;spotexchangerate(EconomicsDepartment,GuangdongPeizhengCollegeGuangzhou,Guangdong510830,China)...1.328.6.6050/6.6100....USD/CNY=6.5668/6.580060/120...22.1“60/120”60120.“”Point0.0001.601200.00600.0120..USD/CNY=6.5668/6.58006.5668“/”6.5800“/”“/”“/”“”“/”“/”“”60/120120/60.60/120120/60.＝+＝-＝-＝+“/”“/”“/”“/”..1USD/CNY=6.5668/6.5800120/60..6.5668/6.5800.120/60120“/”60“/”“”“=-”USD/CNY=6.5548/6.5740.USD/CNY=6.5668/6.5800“120/60”“=-”...6.5668/6.5800“120/60”=-USD/CNY=6.5668-0.0120/6.5800-0.0060=6.5548/6.5740...233..USD/CNY=6.5668/6.5800.[1].2.2“”..①=+=+/+②=-=-/-③=+=+/+④=-=-/-[2]....2USD/CHF=1.6120/1.6140245/265..“245/265”“”.USD/CHF=1.6120+0.0245/1.6140+0.0265=1.6365/1.6405..3“/”“/”...=/+/=+/+.=/-/=-/-...=/-/=-/-...[1].[M].2010.[2].[J].20041534277.