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Use the table to complete the following questions: Quote from Bank ABC: Yen: Spot and Forward (W/S) Pound: Spot and forward (AUS/S) Mid rates Bid
Use the table to complete the following questions: Quote from Bank ABC: Yen: Spot and Forward (W/S) Pound: Spot and forward (AUS/S) Mid rates Bid Ask Mid rates Bid Ask spot 96.87 96.82 96.92 1.3264 1.3240 1.3288 Forward 1-month 28 20 22 24 6-month 126 132 164 160 Part a. What should be the direct quotation between AUD/JPY (Japanese Yen per Australian Dollar? Please find the cross rate between the two. You need to find both cross bid and cross offer. Part b. What are the 1-month and 6-month forward bid and ask rates for Japanese Yen? Partc. What are the 1-month and 6-month forward bid and ask rates for the Australian Dollar
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