00:01
Hi, condrea conjuli is a concurrency speculator who enjoys betting on changes in the foreign currency exchange market.
00:07
Currently, the spot price for the japanese yen is 129 .87 yen, and the six -month forward rate is 128 .53 yen.
00:19
Andrea thinks the yen will move to 128 in the next six months.
00:24
If andrea's expectations are correct, then she could profit in the forward market by buying yen with us dollars or really other foreign currency.
00:34
Okay, so you want to buy it now and then at a later date, sell the yen for dollars or whatever foreign currency.
00:43
I'm in america, so i'm using dollars, okay? if you're in england, you use your pounds or in india, use rupees or whatever you're at, right? the reason for what i wrote is the lowering cost of the end means it is getting stronger, probably compared to the u .s.
00:58
Dollar...