Question: 32. Use the information presented below to answer questions 31-32. A NZ manufacturer earns receipts in EUR from exports to France. At the same time,

32. Use the information presented below to answer questions 31-32. A NZ manufacturer earns receipts in EUR from exports to France. At the same time, the company imports component parts from Australia, incurring commitments in AUD. Rates across the currencies are quoted as: USD/EUR 0.8521-0.8561 USD/AUD 1.3650-1.3690 NZD/AUD 0.6856-0.6905

Calculate the three-month outright forward FX rate for NZD/AUD if the three-months forward FX points are '17 to 15'.

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