{"id":33716,"date":"2015-06-11T14:18:30","date_gmt":"2015-06-11T14:18:30","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=33716"},"modified":"2024-04-03T13:17:59","modified_gmt":"2024-04-03T07:47:59","slug":"rates","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/rates\/","title":{"rendered":"RATES"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/RATES.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-33753\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/RATES.jpg\" alt=\"RATES\" width=\"259\" height=\"194\" \/><\/a><\/p>\n<p><strong>Introduction:<\/strong><\/p>\n<p>Rate is a exchange value of a thing. It is a measure of a thing against other and it gives ratio between two related quantities.<\/p>\n<p><strong>Different Types of Rates:<\/strong><\/p>\n<ul>\n<li>\u0097Transaction Date or Trade Date is when the deal is struck.<\/li>\n<li>\u0097When rate is quoted for the Settlement\/ Delivery to be on the same day, it is called <em><b>CASH<\/b><\/em><\/li>\n<li>\u0097When rate is quoted for Settlement\/Delivery to be the next day (T+1), it is called <em><b>TOM <\/b><\/em><\/li>\n<li>\u0097When settlement\/delivery is on T+2 days, it is called <em><b>SPOT <\/b><\/em><\/li>\n<\/ul>\n<p><strong>Forward Rates:<\/strong><\/p>\n<ul>\n<li>\u0097When delivery is to be beyond T+2, it is called a forward rate.<\/li>\n<li>\u0097It is generally given for 1 month, 2 month, 3 month \u2026 upto 6 months.<\/li>\n<li>\u0097The rate of exchange may not be the same after 1 month, 2 month, 3 month etc.<\/li>\n<li>\u0097If the rate is higher, then the currency is at a premium, if it lower, currency is said to be at discount and if there is no variation, it is at par.<\/li>\n<li>\u0097Forward rates are arrived at as follows:<\/li>\n<\/ul>\n<p>\u0097Spot + Premium = Fwd Rate<\/p>\n<p>\u0097 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Spot \u2013 Discount = Fwd Rate<\/p>\n<ul>\n<li>\u0097In market quotes, premium or discount is also quoted two ways.<\/li>\n<\/ul>\n<p>\u0097USD 1 = Rs.61.65 \u2013 61.80<\/p>\n<p>1 m pre\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0 0.60 \u2013 0.65<\/p>\n<p>2 m pre\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0 0.80 \u2013 0.85<\/p>\n<p>3 m pre\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0 1.10\u00a0\u00a0 &#8211; 1.15<\/p>\n<ul>\n<li>\u0097If currency is at premium, the premium shown such as 0.60 \u2013 0.65 will be in ascending order<\/li>\n<li>\u0097If currency is at discount, the discount will be 0.35 \u2013 0.30, that is, in descending order.<\/li>\n<li>\u0097Add or deduct the two way forward quote to the Spot rate; you will get the forward rate.<\/li>\n<li>\u0097The rule is Ascending Add, Descending Deduct.<\/li>\n<li>\u0097Market quotations very often give the premium or discount as points.<\/li>\n<li>\u0097USDINR\u00a0 Bid Ask:\u00a0\u00a0 \u00a0 62.000\u00a0 62.150<\/li>\n<\/ul>\n<p>\u00971 month fwd\u00a0 2782.000\u00a0 9082.000<\/p>\n<p>\u00973 month fwd\u00a0 12636.000\u00a0 19336.000<\/p>\n<p>\u00976 month fwd\u00a0 \u00a0 246.50\u00a0 \u00a0 251.50<\/p>\n<ul>\n<li>\u0097Here the fwd margins are given in points.<\/li>\n<li>\u0097Divide them by 10000 and add to the spot rate.<\/li>\n<li>\u00971 month fwd will be 62.2782\u00a0 63.0582<\/li>\n<\/ul>\n<p><strong>Conclusion:<\/strong><\/p>\n<p>Rate is an important term in everybody life. In current scenario each and every thing have some rate. Hence it has more value and also plays a very vital role.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Rate is a exchange value of a thing. It is a measure of a thing against other and it gives ratio between two related quantities. Different Types of Rates: \u0097Transaction Date or Trade Date is when the deal is struck. \u0097When rate is quoted for the Settlement\/ Delivery to be on the same day,&#8230;<\/p>\n","protected":false},"author":1184,"featured_media":33753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[4347,4049,4346],"class_list":["post-33716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-exchange-value","tag-premium","tag-rates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RATES - Vskills Blog<\/title>\n<meta name=\"description\" content=\"RATES: It is a exchange value of a thing. It is a measure of a thing against other and it gives ratio between two related quantities. 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