As of October 18, 2022, at 09:15 the EUR-USD exchange rate was .99065. However, the 1-month forward rate was .9867, the 3-month forward rate was .99215, and the 6-month forward rate was 1.0032. From the perspective of a European holding EUR and who wished to buy USD, please determine the following: a). What was the EUR-USD spot rate quote as of October 18, 2022, at 09:15? b). Was the spot rate quote expressed as a direct or indirect quote? Explain your response. c). Is the value of the Euro expected to appreciate, depreciate, or remain the same between today and 6 months from now? Explain your response. c). Explain why there is a difference between the spot rate and 1-month forward rate.

Question 4 As of October 18, 2022, at 09:15 the EUR-USD exchange rate was .99065. However, the 1month forward rate was .9867, the 3-month forward rate was .99215, and the 6-month forward rate was 1.0032. From the perspective of a European holding EUR and who wished to buy USD, please determine the following: a). What was the EUR-USD spot rate quote as of October 18,2022 , at 09:15? b). Was the spot rate quote expressed as a direct or indirect quote? Explain your response. c). Is the value of the Euro expected to appreciate, depreciate, or remain the same between today and 6 months from now? Explain your response. c). Explain why there is a difference between the spot rate and 1-month forward rate. Question 4 As of October 18, 2022, at 09:15 the EUR-USD exchange rate was .99065. However, the 1month forward rate was .9867, the 3-month forward rate was .99215, and the 6-month forward rate was 1.0032. From the perspective of a European holding EUR and who wished to buy USD, please determine the following: a). What was the EUR-USD spot rate quote as of October 18,2022 , at 09:15? b). Was the spot rate quote expressed as a direct or indirect quote? Explain your response. c). Is the value of the Euro expected to appreciate, depreciate, or remain the same between today and 6 months from now? Explain your response. c). Explain why there is a difference between the spot rate and 1-month forward rate