The current exchange rate of AUD/USD is given as 0.6010-16. 90 days forward margin is 50/58, and

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The current exchange rate of AUD/USD is given as 0.6010-16. 90 days forward margin is 50/58, and the AUD interest rate is 0.75% and the USD interest rate is 1.5%. Calculate the annualised forward premium/discount on the AUD, using the mid rates.

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The current exchange rate of AUD/USD is given as 0.6010-16. 90 days forward margin is 50/58, and

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ANSWER The midrate for AUDUSD is the average of the bid and ask rates which is ... View the full answer

College Accounting A Practical Approach

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