Spot/Forward Quotations for Euro and Yen

Euro ($/) Yen (/$)

Mid Bid Ask Mid Bid Ask

Spot 1.0899 1.0897 1.0901 118.32 118.27 118.37

Cash 1 month 1.0917 17 19 117.82 -51 -50

Rates 3 month 1.0953 53 54 116.91 -143 -140

6 month 1.1012 112 113 115.45 -288 -287

9 month 1.1075 175 177 114.00 -435 -429

Swap 2 year 1.1401 481 522 106.93 -1150 -1129

Rates 3 year 1.1679 750 810 101.09 -1748 -1698

1/BidE = AskA 1/AskE= BidA

_______________Spot bid rate in /$?

_______________Spot ask rate in /$?

Mid-rate = (bid + ask) /2;

_______________Spot mid-rate in /$?

Bid/Ask Spread = (Ask Rate - Bid Rate) / Ask Rate

_______________ bid/ask spread for /$ spot?

Outright Forward Quotes: Forward Rate = Points + Spot Rate

_______________Euro 6-month forward bid rate

_______________Euro 6-month forward ask rate?

_______________Bid/Ask spread for euro 6-month forward?

Appreciating or Depreciating?

Calculate the annual % premium/discount on 9-month forward (using

rates provided in the Table)?

Euro ($/) Yen (/$)

Mid Bid Ask Mid Bid Ask

Spot 1.0899 1.0897 1.0901 118.32 118.27 118.37

Cash 1 month 1.0917 17 19 117.82 -51 -50

Rates 3 month 1.0953 53 54 116.91 -143 -140

6 month 1.1012 112 113 115.45 -288 -287

9 month 1.1075 175 177 114.00 -435 -429

Swap 2 year 1.1401 481 522 106.93 -1150 -1129

Rates 3 year 1.1679 750 810 101.09 -1748 -1698

1/BidE = AskA; 1/AskE = BidA;

_______________Spot bid rate in $/?

_______________Spot ask rate in $/?

Mid-rate = (bid + ask) /2;

_______________Spot mid-rate in $/?

Bid/Ask Spread = (Ask Rate - Bid Rate) / Ask Rate

_______________ bid/ask spread for $/ spot?

Outright Forward Quotes: Forward Rate = Points + Spot Rate

_______________Yen 6-month forward bid rate

_______________Yen 6-month forward ask rate?

_______________Bid/Ask spread for Yen 6-month forward?

Calculate the annual % premium/discount on 6-month forward (using rates provided in the Table above)?