NO.PZ2023091802000201
问题如下：
An FX trader wants to enter into a 6-month EUR/USD forward contract and gathers the following information:
· The spot bid is USD 1.2200 per EUR 1
· 1-month forward ask is USD 1.2208 per EUR 1
· Points for 1-month, 3-month, 6-month and 1-year maturities are 6.0, 22.5, 45.0 and 97.7, respectively
· Points are the same for bid and ask across all maturities
How much will it cost to enter into a long 6-month forward contract?
选项：
A.USD 1.2155 per EUR 1
USD 1.2245 per EUR 1
USD 1.2247 per EUR 1
USD 1.2253 per EUR 1
解释：
C is correct. To enter into a long 6-month forward contract, we need to find the 6-month forward ask price. The first step is to calculate the spot-ask from the provided information.
Spot ask = 1-month forward ask-1-month points/10,000 = 1.2208 − 6.0/10,000 = 1.2202
Then add the 6-month ask points to the spot-ask found in the prior step:6-months forward ask = 1.2202 + 45.0/10000 = 1.2247
A is incorrect
6-months forward bid is 1.2200 − 45.0/10,000 = 1.2155
B is incorrect
If instead of spot ask use bid,
6-months forward ask is 1.2200 + 45.0/10,000 = 1.2245
D is incorrect
If instead of spot ask use 1-month forward ask,
6-months forward ask is 1.2208 + 45.5/10,000 = 1.2253
如果题目问 6month short forward 那是不是这样算呢
- 首选要找到一月的forward bid ,
- 算一月spot bid = forward bid - points
- 算6月forward bid = 1月spot bid + 6months points?
