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USbank quotes 90-day forward rates of ¥0.96843-50/$, and spot rates of ¥0.96822-25/$ What are the spot...

USbank quotes 90-day forward rates of ¥0.96843-50/$, and spot rates of ¥0.96822-25/$ What are the spot ask rate and the 90-day forward ask rate for dollar that Bank of New York is quoting,respectively?

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Answer #1

Spot ask rate = €0.96850 / $

Forward ask rate = €0.96825 / $

Replace the last two digits in the bid price with 50 and 25 as given in the quotation.

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