You are about to enter the following three trades. Short USDCNY, Long EURUSD and short...
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You are about to enter the following three trades. Short USDCNY, Long EURUSD and short EURMAD all with a value fate 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
The answers should be 7.7484, 1.2955, 11.0678, but I need a solution how to get these answers
Question 9 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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