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7. Forward premium/discount 5 pong Which currency trades at the largest premium in %) in the forward market? (Note: you should use mid-rates for this

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7. Forward premium/discount 5 pong Which currency trades at the largest premium in %) in the forward market? (Note: you should use mid-rates for this question) a) USD against JPY b) GBP against USD c) EUR against JPY d) GBP against EUR 4 A A B C D E F G G I ! 1 2 3 4 5 6 7 8 9 10 11 12 13 EUR/USD GBP/USD USD/JPY GBP/EUR EUR/JPY GBP/JPY bid 1,0532 1,1643 102,33 1,1032 107,60 119,14 Spot ask 1,0553 1,1689 102,77 1,1098 108,10 120,13 mid 1,0542 1,1666 102,55 1,1065 107,85 119,64 Forward (3 months) mid 1,1052 1,1822 104,75 1,1245 110,56 122,34

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