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You are about to enter the following three trades. Short USDCNY, Long EURUSD and Short...

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Finance

You are about to enter the following three trades. Short USDCNY, Long EURUSD and Short EURMAD all with a value date 2 months from today. Calculate the outright forward for each trade. Spot rates (bid & ask): USDCNY: 7.7937 & 7.7967, EURUSD: 1.2919 & 1.2921, USDMAD: 8.5768 & 8.5918. 2-month forwards (bid & ask): USDCNY -453 & -433 EURUSD: 33.93 & 34.16, USDMAD: -322 & -176.

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