ACI
3I0-012 · Question #161
If 6-month USD/CAD forward rates are quoted at 40/45, which of the following statements is correct?
The correct answer is B. CAD rates are higher than USD rates in the 6-month. See the full explanation below for the reasoning.
Question
If 6-month USD/CAD forward rates are quoted at 40/45, which of the following statements is correct?
Options
- AUSD rates are higher than CAD rates in the 6-month
- BCAD rates are higher than USD rates in the 6-month
- CThere is a positive USD yield curve
- DThere is not enough information to decide
How the community answered
(55 responses)- A7% (4)
- B76% (42)
- C13% (7)
- D4% (2)
Community Discussion
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