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Tony has a small company is engaged in exporting products to America and it based in AU. Now you are the customer of AB Bank

Tony has a small company is engaged in exporting products to America and it based in AU. Now you are the customer of AB Bank which has given the following quotes between US dollar and AU dollar. For Spot: BID price is 0.7346USD to 1 AUD; the ask price is 0.7348USD= 1AUD. for 3 month forward: the BID is 0.7349 USD=1AUD and ask price is 0.7352USD=1AUD. 6 month forward for BID is 0.7353USD=1AUD and 0.7357USD=1AUD for ask price. Could you find the bid-ask premium for the three month forward rate and also talk about are the forward rate suggest the appreciation or depreciation of the United State Dollar (USD) with respect to the AUD?

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