Question: Please help me answer it in 90mins, and I will vote up, thank you very much. The current US interest rate is 6.1% per annum

Please help me answer it in 90mins, and I will vote up,Please help me answer it in 90mins, and I will vote up, thank you very much.

The current US interest rate is 6.1% per annum (compounded annually). The interest rate in Australia is 9.6% per annum. The current spot rate is USD0.84/AUD. What is the implied 90-day forward rate in USD/AUD terms? (Input only numbers as your answer. Round your answer to four decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!