If a 6-Month AUD/NZD Swap Is Quoted 173/165, Which of the Following

question 89

Multiple Choice

If a 6-month AUD/NZD swap is quoted 173/165, which of the following statements would you consider to be correct?

• A) 6-month AUD rates are higher than 6-month NZD rate
• B) 6-month AUD rates are lower than 6-month NZD rates
• C) Spot AUD/NZD will be higher by approximately 170 p
• D) The AUD yield curve is positive, whilst the NZD cu