Forward Premium on the Dollar. Calculate the forward premium on the dollar if the spot rate is $1.5579=1.00 and the 3-month forward rate is $1.5374=1.00. 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 positive premium indicates that the pound is selling forward at a to the dollar, and simultaneously, the dollar is selling forward at a to the pound. That is, the forward rate requires fewer U.S. dollars in exchange for pounds than the current