- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Exchange Rate Calculations
- Subject 2. Forward Rate Calculations
CFA Practice Question
Assume AUD:USD is 1.0717 and the three-month forward rate is quoted as 0.85%. The AUD:USD three-month forward rate is ______.
A. 1.0808
B. 1.0632
C. 1.0802
Explanation: 1.0717 x (1 + 0.85%) = 1.0808
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