Question
Currently, AUD/USD spot is trading at 0.7043. At a 270-day investment horizon, the AUD interest rate is 4.80% and the USD interest rate is 3.80%.
Currently, AUD/USD spot is trading at 0.7043. At a 270-day investment horizon, the AUD interest rate is 4.80% and the USD interest rate is 3.80%.
Then the implied 270-day AUD/USD forward rate is:
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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