Question
As a FX trader at Sumitomo Bank, your customer would like a quote on AUD. Current market rates are: SPOT 30-Day 101.37-85/$ 15-13 A$1.2924-44/$ 20-26
As a FX trader at Sumitomo Bank, your customer would like a quote on AUD.
Current market rates are:
SPOT 30-Day
101.37-85/$ 15-13
A$1.2924-44/$ 20-26
What bid and ask yen cross rates would you quote on spot Australian dollars?
What outright yen cross rates would you quote on 30-day forward Australian dollars?
What is the forward premium or discount on buying 30-day Australian dollars against yen delivery?
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
