ACI
3I0-012 · Question #19
If spot AUD/USD is quoted to you as 1.0420-25 and 1-month forward AUD/USD is quoted to you as 28/23, at what rate can you buy USD 1-month outright?
The correct answer is D. 1.0392. See the full explanation below for the reasoning.
Question
If spot AUD/USD is quoted to you as 1.0420-25 and 1-month forward AUD/USD is quoted to you as 28/23, at what rate can you buy USD 1-month outright?
Options
- A1.0448
- B1.0402
- C1.0397
- D1.0392
How the community answered
(41 responses)- A5% (2)
- B15% (6)
- C2% (1)
- D78% (32)
Community Discussion
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