Interest rate differential 360 360) Interest parity line (95-100N100 =-4% 45 AUD at a premium AUD at a discount Implicit interest rate ' 0.25%-6.25% =-6% 1360(360) EXHIBIT 6.3 Interest Rate Parity Theory Interest rate differential 360 360) Interest parity line (95-100N100 =-4% 45 AUD at a premium AUD at a discount Implicit interest rate ' 0.25%-6.25% =-6% 1360(360) EXHIBIT 6.3 Interest Rate Parity Theory