Question: By using the exchange rates provided below and by showing your full calculations, answer the following question: Currency Spot 3 mths fwd pts 4 mths

By using the exchange rates provided below and by showing your full calculations, answer the following question: Currency Spot 3 mths fwd pts 4 mths fwd pts 6 mths fwd pts USD/ZAR 14,0112/14,2292 834/886 1095/1145 1620/1680 NZD/USD 0,7080/0,7090 - - - GBP/USD 1,9566/1,9570 38/36 - - EUR/USD 1,3142/1,3147 - 45/43 - USD/CHF 1,2354/1,2364 32/28 - 60/57 ChemInt (Pty) Ltd expects to receive payment from a customer in Switzerland within three to six months. Having decided to cover this deal forward, what exchange rate would the bank quote ChemInt (Pty) Ltd?

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