Given a Spot Rate of AUD/USD0

question 88

Multiple Choice

Given a spot rate of AUD/USD0.5740, and 180-day rates in Australia of 5.1% p.a.and in the US of 4.5%, calculate the 180-day forward rate.(Use a 360-day year for the US.)

• A)0.5723
• B)0.5725
• C)0.5740
• D)0.5755
• E)None of these are correct.

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