The JPY/AUD spot exchange rate is 82.42, the Japanese yen interest rate is 0.15 percent, and the
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The JPY/AUD spot exchange rate is 82.42, the Japanese yen interest rate is 0.15 percent, and the Australian dollar interest rate is 4.95 percent. If the interest rates are quoted on the basis of a 360-day year, the 90-day forward points in JPY/AUD would be closest to:
A. –377.0.
B. –97.7.
C. 98.9.
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B is correct The forward exchange rate is given by 8242 098815 ...View the full answer
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