(Determining the percent-per-annum premium or discount)You are in need of UK pounds in six months, but before entering a forward contract to buy them, you would like to know their premium or discount from the existing spot rate. Calculate the premium or discount from the existing spot rate for the 6-month UK pound as of 11 November using the data shown here:

Country/Currency

In A$

Per A$

Europe euro: spot

1.4318

0.6984

6-mth forward

1.4121

0.7082

Japan yen: spot

0.010737

93.1359

6-mth forward

0.010718

93.301

Swiss franc: spot

0.9775

1.023

6-mth forward

0.9763

1.0243

UK pound: spot

1.5197

0.6215

6-mth forward

1.5739

0.6292

The (Premium/ discount)for the 6 month UK pound from the existing spot rate is _____%.