NO.PZ2023071902000004
问题如下:
Question
Based on the FX data provided in the table, which statement is most accurate?
选项:
A.The forward rate is trading at a discount to the spot rate by 0.0049 points.
B.The euro has a forward premium of 49 points.
C.The US dollar has a forward premium of 49 points.
解释:
Solution
- Forward premium = Forward rate – Spot rate = 1.3019 – 1.2970 = 0.0049. To convert this to points, multiply by 10,000 (considering four decimal places) = 10,000 × 0.0049 = 49 points. As the forward rate is higher than the spot rate for the base currency (euro), it implies that the euro is trading at a forward premium of 49 points.
• explain the arbitrage relationship between spot and forward exchange rates and interest rates, calculate a forward rate using points or in percentage terms, and interpret a forward discount or premium
远期溢价=远期汇率-即期汇率= 1.3019 - 1.2970 = 0.0049。
要将其转换为POINT,就乘以10,000(考虑到小数点后四位)= 10,000 × 0.0049 = 49个点。
由于基准货币(欧元)的远期汇率高于即期汇率,这意味着欧元的远期溢价为49个点。
请问A是不是说反了?应该是premium 而非duscount?