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The spot rate for the euro is USD1.1080 per EUR. The USD LIBOR interest rate for 180 days is 1.9185% (APR) and the EUR LIBOR

The spot rate for the euro is USD1.1080 per EUR. The USD LIBOR interest rate for 180 days is 1.9185% (APR) and the EUR LIBOR interest rate for 180 days is -0.3330 (APR) (-33.30 basis points).

Calculate the 180 day forward rate (F(USD per EUR)180 days) down to 4 decimal places.

Determine the USD price of a 180-day (financial) futures contract on one EUR (down to 4 decimals) and compare this to the forward rate.

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