FCNR Foreign Currency (Non-Resident) Cash Certificates Issue Prices Calculator

A fixed deposit foreign currency account that accepts deposits in the currencies of US Dollar, UK Pound, Canadian Dollar, Deutsche Mark, Japanese Yen, and Euro is called as FCNR account. Here is the online FCNR Foreign Currency (Non-Resident) cash certificates issues prices calculator which helps you to calculate your issue prices with the known values.

Result :

Example:

Calculate the FCNR Foreign Currency (Non-Resident) Cash Certificates Issue Prices for face value of 100, rate of interest as 6 and number of half years of 2.

Solution:

A = 100 / ( (1 + 6) 2 )
= 94.26 .