Choose ONE (1) of the following options. (5 marks)

Option 1: An FX dealer is quoting spot USD/NZD 1.3111-19. Calculate the transposed bid rate.

Option 2: A speculator sold one Swiss francfutures contract for USD with the contract size of CHF125,000 when the spot rate was CHF/USD 1.2094 and the 3-month futures rate was CHF/USD 1.1994. In three months' time, the spot rate was CHF/USD 0.9535. What was the speculator's profit in USD, in 4 decimal places?

Enter your numerical answer only. Do not enter "S"and"="in your answer.

Answer:

Choose ONE (1) of the following options. (5 marks) Option 1: An FX dealer is quoting spot USD/NZD 1.3111-19. Calculate the transposed bid rate. Option 2: A speculator sold one Swiss franc futures contract for USD with the contract size of CHF125,000 when the spot rate was CHF/USD 1.2094 and the 3-month futures rate was CHF/USD 1.1994. In three months' time, the spot rate was CHF/USD 0.9535. What was the speculator's profit in USD, in 4 decimal places? Enter your numerical answer only. Do not enter " \( \$ " \)quot;quot; "and "=" in your answer. Answer: Choose ONE (1) of the following options. (5 marks) Option 1: An FX dealer is quoting spot USD/NZD 1.3111-19. Calculate the transposed bid rate. Option 2: A speculator sold one Swiss franc futures contract for USD with the contract size of CHF125,000 when the spot rate was CHF/USD 1.2094 and the 3-month futures rate was CHF/USD 1.1994. In three months' time, the spot rate was CHF/USD 0.9535. What was the speculator's profit in USD, in 4 decimal places? Enter your numerical answer only. Do not enter " \( \$ " \) "and "=" in your