Testing IRP The one-year interest rate in singapore is 11 percent. The one-year interest rate in the United States is 6 percent. The spot rate of the singapore dollar (SS) is $0.50 and the forward rate of the S$ is $0.46. Assume zero transaction costs.
Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*
*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.