Question 9 You are about to enter the following three trades: short EURGBP, short EURNOK...
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Question 9 You are about to enter the following three trades: short EURGBP, short EURNOK and short CNYKRW, all with a value date 3 months from today. Given the following information, calculate the outright forward for all three trades. Make sure you show the steps you take to get to the answer Spot rates (bid & ask): EURGBP: 0.9039 & 0.9042, EURNOK: 9.1410 & 9.1470, USDCNY: 6.8346 & 6.8364, USDKRW: 1357.00 & 1364.00 3-month forwards (bid & ask): EURGBP: -5 & -2, EURNOK: 207 & 231, USDCNY: 80 & 100, USDKRW: -600 & 600 (18 marks] Question 9 You are about to enter the following three trades: short EURGBP, short EURNOK and short CNYKRW, all with a value date 3 months from today. Given the following information, calculate the outright forward for all three trades. Make sure you show the steps you take to get to the answer Spot rates (bid & ask): EURGBP: 0.9039 & 0.9042, EURNOK: 9.1410 & 9.1470, USDCNY: 6.8346 & 6.8364, USDKRW: 1357.00 & 1364.00 3-month forwards (bid & ask): EURGBP: -5 & -2, EURNOK: 207 & 231, USDCNY: 80 & 100, USDKRW: -600 & 600 (18 marks]
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