12. Consider a one-year currency swap with semiannual payments. The two currencies are the U.K. pound and the euro. The current exchange rate is 0.61 per euro. A. Calculate the annualized fixed rates for pounds and euros. The current U.K. term structure is L(180) - 0.0623 L (360) - 0.0665 The Euribor term structure is L (180) -0.0563 L (360) - 0.0580 5. Now move forward 60 days. The new exchange rate is 0.57 per euro, and the new British term structure is 12. Consider a one-year currency swap with semiannual payments. The two currencies are the U.K. pound and the euro. The current exchange rate is 0.61 per euro. A. Calculate the annualized fixed rates for pounds and euros. The current U.K. term structure is L(180) - 0.0623 L (360) - 0.0665 The Euribor term structure is L (180) -0.0563 L (360) - 0.0580 5. Now move forward 60 days. The new exchange rate is 0.57 per euro, and the new British term structure is