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Suppose you are trading currency options on 10 Dec 2021. The current exchange rate between AUD and USD is 0.625 USD per AUD. The Australian

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Suppose you are trading currency options on 10 Dec 2021. The current exchange rate between AUD and USD is 0.625 USD per AUD. The Australian risk-free interest rate is 1.5% per annum and the US risk-free interest rate is 1% per annum a) What is the current forward USD/AUD exchange rate with a maturity of three-month in March? (6 marks)

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