ACI
3I0-012 · Question #24
You quote a customer spot AUD/USD at 1.0350-55. The T/N swap is quoted to you at 3/2. The customer asks to buy USD for value tomorrow. What rate should you quote him to break-even against the other…
The correct answer is A. 1.0352. See the full explanation below for the reasoning.
Question
You quote a customer spot AUD/USD at 1.0350-55. The T/N swap is quoted to you at 3/2. The customer asks to buy USD for value tomorrow. What rate should you quote him to break-even against the other rates?
Options
- A1.0352
- B1.0353
- C1.0347
- D1.0348
How the community answered
(46 responses)- A80% (37)
- B11% (5)
- C2% (1)
- D7% (3)
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