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Spot rate 1.98 NZD/1 GBP Six-month Forward Exchange Rate 2.07 NZD/ 1 GBP One-year NZD interest rate 0.63% annually One-year GBP interest rate -0.26% annually

Spot rate 1.98 NZD/1 GBP
Six-month Forward Exchange Rate 2.07 NZD/ 1 GBP
One-year NZD interest rate 0.63% annually
One-year GBP interest rate -0.26% annually

Is covered interest arbitrage worthwhile? If so, calculate the profits after six months, assuming that you have 5650 NZD.

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