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What bid and ask yen cross rates would you quote

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Reference no: EM132774588

As a foreign exchange trader at a bank, one of your customers would like a yen quote on Australian dollars. Current market rates are:

Spot 180-day

¥31.48-52/U.S.$l 22-18
A$1.528-31/U.S.$1 16-20

a. What bid and ask yen cross rates would you quote on spot Australian dollars?

b. What outright yen cross rates would you quote on 180-day forward Australian dollars?

c. What is the forward premium or discount on buying 180-day Australian dollars against yen delivery?

Reference no: EM132774588

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