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How would the profit figure change if the Australian dollar continues to strengthen at the same rate as it has done over the previous year?

By EzekielPosted on April 28, 2022Posted in UncategorizedTagged Ashdown, assignmenthelp, Australian dollar, collegeessays, exchange rate

Question 1 A trader, who is considering uncovered interest arbitrage between the US dollar (USD) and Australian dollar (AUD), faces the following data: Funds available: 2 million USD Spot exchange rate: 0.94 AUD per USD Spot exchange rate one year ago: 1.00 AUD per USD USD 3-month interest rate: 0.12% per annum AUD 3-month interest […]