Direct Forward Discount on the Dollar. Calculate the forward discount on the dollar (the dollar is the home currency) if the spot rate is $1.6101/ and the 6-month forward rate is $1.5596/. Note: Use a 360-day year. The forward premium on the dollar is %. (Round to four decimal places.) (Select from the drop-down menus.) The negative premium indicates that the pound is selling forward at a the dollar is selling forward at a to the pound. That is, the f exchange for pounds than the current spot rate. to the dollar, and simultaneously, s fewer U.S. dollars in premium discount