Multiple Choice
A bank has been asked to provide a three-month forward AUD/USD 'buy' quote for a corporate client.The following information is available to the FX dealer at the bank:
Spot rate:AUD/USD 0.7654-0.7659
US interest rates:7.73% per annum
Australian interest rates:8.64% per annum
Estimate the three-month forward 'buy' rate.
A) 0.7637
B) 0.7639
C) 0.7642
D) 0.7644
Correct Answer:
Verified
Correct Answer:
Verified
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