If a 12-month AUD/NZD swap is quoted 53/47, which of the following statements would you consider to be correct?
A) 12-month AUD rates are higher than 12-month NZD rates
B) 12-month AUD rates are lower than 12-month NZD rates
C) Spot AUD/NZD will be higher by approximately 50 points in 12 months
D) The AUD yield curve is positive, whilst the NZD curve is negative
Correct Answer:
Verified
Q431: What would happen to a bank's net
Q432: Between which departments are clear and structured
Q433: For a bank to count funds as
Q434: A long collar is:
A) A purchase of
Q435: In FX trading a "third party beneficiary"
Q437: In foreign exchange markets, the first currency
Q438: What is a hedge?
A) A means by
Q439: If a dealer needs to hedge an
Q440: Which of the following is a measure
Q441: What are financial market professionals not explicitly
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents