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Suppose the following direct quotes are received for spot and one-month Swiss francs in New York:...

Suppose the following direct quotes are received for spot and one-month Swiss francs in New York: .1260-68 and 4-6. Then the outright 30-day forward quote for the Swiss franc is:

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Answer #1

The outright 30-day forward quote for the Swiss franc

0.1260 + 4/10,000 = 0.1264

0.1268 + 6/10,000 = 0.1274

30-day forward quote for the Swiss franc: 0.1264 - 0.1274

or 0.1264-74

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