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34. The spot exchange rate is AUD/MYR2.3550 and 90-day interest rates are 5.25% p.a. in Australia and 12% in Malaysia. Calculate 90-day forward AUD/MYR. Use
34. The spot exchange rate is AUD/MYR2.3550 and 90-day interest rates are 5.25% p.a. in Australia and 12% in Malaysia. Calculate 90-day forward AUD/MYR. Use 365-day years for both countries.
a. 2.4520
b. 2.3169
c. 2.3937
d. 2.3550
e. None of these are correct.
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