 बिस्मिलायर अप्मानवाणुई अं देरिवेटिव्स पड़ड़े है अं देरिवेटिव्स में आमारा जो भी करन्द तोपिक चल रहा है दाटिस फोवर्ट कुन्टर्ट अमने काता मल्ल्टीपल अंड़्लाइंग के साथ अम इसको देखेंगे लिस्टट करन्दसी अंलेग लिस्टट करन्सी कुछ ही और अगेगे ज़ा फुचर नगे अप््षन्स पड़नगे वहाभी शिने थोच़े मचनी अगी और कुछ उनीष्टट करन्द्द ізश भी होँगी अर कुच अनीशल पेमेड़ भी होंगी, जो करन्सी का जो अनीशल पाववरड चवट होता, इसके अनीशली कोई पेमेड़ इनवोल नहीं होती. पावरड़ में आद द बिगनेग अग तरम कोई पेमेड़ नहीं होती. जो सेटलमेड़ पेमेड़ होगी, लेना देना होगा वो, मुचुर्टी पे यह सेटलमेड़ पे होगा, बिगनेग में कोई पेमेड़ नहीं होगी. यह पाववरड का एक करक्तिस्टिक से जोगे हमें यहाद दरकना जाएएज़। तरम पाववरड के लिएज़़ लिएज़ होगी, अप बिगनेग में कोई पेमेड़ पेमेड़ पेमेड़ सेटलमेड़ होगी. example के लियग मिसकि बातUU अआद कर� designed k result k 就是 the mechanism of computing a currency straight forward करंणा करयनदी Kariànsee ka rate karma is not very different to that 對 انफम zucchini is not in that due to astrological logic अई नल Zach अई थी ग़चामे थ surge epi toati from comet due to astrological logic ज्की तीऋंगे बॉघ कोन अई औल यति कच्कीग एस जंसा आप मैंसग नुतis chronicle of the current pair य होगे के यह यह किया हो रहा है अपको सब आपको आप पता है यह कि डौलर मरक्रट में यह एक सोपचाज़़ पच्पन यह जो भी रेट भी चल रहे है बाद एक्जामिनर कुड भी सेटिट अदर भे रहुनड आज़ूह आज़़ you have to carefully see with the fact here it says 1 dollar is equal to 1.05 1 year interest rates is 3% with Canadian dollar the interest rates are linked and with US is 1.5 so the future rate determined for what rate it will be will be on the determination of these rates after 1 year based on interest rate parity US dollar plus interest on 1.5 which will be its rate should be equal to the current Canadian dollar growth at the rate of the Canadian interest rates so how will it be? 1 into 1.015 which is equivalent to multiply with the Canadian factor so the rate which is determined that is 1 US dollar is equal to 1.065 so the forward rate we will lock on this rate which will be long will buy on this rate will sell on this rate so this is our rate as well as the actual spot rate on the Canadian dollar 1 it now has no correlation with the 1 year forward rate because in the actual rate there are more forces there are more factors demand supply and everything we have taken an assumed rate from the interest rate parity which is on interest rate differential and does not incorporate investors expectation market situation this is based on the interest rate factor so this is a result currency forward and hedging how does the currency work as a hedging mechanism assume a Canadian export company selling US 1 million worth of goods to a US company now a Canadian company has transferred US 1 million they expect proceeds in 1 year from now they have to pay after 1 year now what is the risk the exporter is concerned that Canadian dollar may have strengthened from its current level Canadian dollar may become very strong to the exporter to the exporter because the rate is 1.05 so what will they do the forward rate 1.065 they will lock it now they have a short shot that whenever we get money our realisation will be on this rate in the market the dollar goes up and down with respect to Canadian dollar they will be getting it converted at 1.065 so this is the beauty of forward and derivatives that they will get money at this rate if from year to now if Canadian dollar 1 US dollar in 1.03 i.e. 1.05 from 1.03 it means that the Canadian dollar has appreciated the risk of the exporter so what will happen in the forward rate they will be in the real transaction the gain from the market if this cash is settled they will move from the market but the one who has locked 1.065 they will gain from there i.e. from one side they will actually lose but effectively what will the rate be 1.065 now this dollar goes up to 1.08 even then it will be the same 1.03 if they move they will be locked from their forward rate thank you