Exam I – Foreign Exchange Market

[Anonymous]

Hi,

I didnt get the following calculations :

1) Spot GBP/USD is trading at 1.8500/10. The tom/next rate is quoted 10/5. How should I quote for value tomorrow?

a. 1.8510/15
b. 1.8490/05
c. Not enough information
d. 1.8505/20

Answer : b

2) Consider the following Fx rates:

Spot 3 Months later
USD/CHF 1.6250/60 48/43
USD/ZAR 503180/00 133/143

What is the 3 months CHF/ZAR outright forward price?

a. 3.2875/24
b. 3.2893/05
c. 3.2788/27
d. 3.2800/00

Answer : a

[Author]

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