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Question: If USDMXN spot is 25.00, 6-month USA interest rates are 0.3% and 6-month Mexican interest rates are 5.8%, where is the rate for the

Question: If USDMXN spot is 25.00, 6-month USA interest rates are 0.3% and 6-month Mexican interest rates are 5.8%, where is the rate for the 6-month USDMXN outright forward(use 6 months =0.5 years exactly for simplicity) My answer: 5.48% (but wrong)

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