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, 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.)
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