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The spot GBP:USD rate is being quoted by a dealer bank at 92/97. The figure is 1.60. Spot GBP:USD Rate 92/97 0.0092 0.0097 Figure 1.60
The spot GBP:USD rate is being quoted by a dealer bank at 92/97. The figure is 1.60.
Spot GBP:USD Rate | 92/97 | 0.0092 | 0.0097 |
Figure | 1.60 | ||
Bid Price | 1.6092 | ||
Bid Offer | 1.6097 |
Question: A dealer is quoting the 90 day forward rate for GBP:USD at 45/37. Based on the spot rates above, what is the dealer's "outright quote" for 90 day cable in terms of dollars.
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