ACI
3I0-012 · Question #338
You are quoted the following market rates: Spot EUR/USD 1.3097-00 0/N EUR/USD swap 0.08/0.11 TIN EUR/USD swap 0.29/0.34 S/N EUR/USD swap 0.10/0.13 Where can you buy EUR against USD for value tomorrow?
The correct answer is C. 1.309971. See the full explanation below for the reasoning.
Question
You are quoted the following market rates:
Spot EUR/USD 1.3097-00 0/N EUR/USD swap 0.08/0.11 TIN EUR/USD swap 0.29/0.34 S/N EUR/USD swap 0.10/0.13 Where can you buy EUR against USD for value tomorrow?
Options
- A1.299971
- B1.309966
- C1.309971
- D1.310029
How the community answered
(50 responses)- A18% (9)
- B8% (4)
- C70% (35)
- D4% (2)
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