- CFA Exams
- CFA Level I Exam
- Study Session 5. Economics (2)
- Reading 18. Currency Exchange Rates
- Subject 4. Forward Calculations
CFA Practice Question
Assume EUR:USD is 1.3146 and the six-month forward points are quoted as -16. The EUR:USD six-month forward rate is ______.
A. 1.3130
B. 1.3162
C. 1.1546
Explanation: 1.3146 - 0.0016 = 1.3130
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