As an FX trader, you have just called a trader at a bank to get quotes for the British pound for the spot, 30-day, 90-day, and 180-day forward rates.

Your counterpart stated, "We trade sterling at $1.7731-32, 35/33, 77/71, 100/90."

What are the outright 180-day forward bid and ask rates?

Assume that over a particular period the Japanese yen (JPY) appreciated against the Danish krone (DKK) by 16.70% and that the Danish krone depreciated against the Indian rupee (INR) by 20.30%. If the spot rate at the start of the period was INR 0.6565/JPY, then what is the current end-of-period spot rate?

Answer rating: 100% (QA)

Answer To find the outright 180day forward bid and ask rates we need to consider the given 180day fo... View the full answer