Forwards

Math › Forwards · 3 generators

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USD/SGD spot is 1.3100 and the 6 month forward points are +15115.4 pips. You need to roll a 50,000,000 USD hedge one 6 month forward. What does the roll cost, in SGD, to 2 decimal places? Ignore bid-ask.

Cost = absolute forward points x notional. The sign tells you which side pays; the magnitude is what you budget.

Your answer (in SGD) — 2 decimal places

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What this quiz tests

• forward-rate — Derive an FX forward rate from spot and an interest-rate differential.
• forward-premium — Which leg of an FX pair trades at a forward premium or discount.
• forward-roll-cost — Cost in money of rolling a hedge forward by one tenor.

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