To determine the FX swap rate to 22nd November, 2018, we first need to calculate the number of months between 1st June, 2018 and 22nd November, 2018. This gives us approximately 5.7 months.

Since we don't have a swap rate for 5.7 months, we need to interpolate between the 5 and 6 month swap rates.

The 5 month swap rate is -45 points and the 6 month swap rate is -60 points.

To interpolate, we use the formula:

Swap rate = Swap rate at lower time + (Time difference / Time interval) * (Swap rate at higher time - Swap rate at lower time)

Swap rate = -45 + (0.7 / 1) * (-60 - (-45))

Swap rate = -45 - 10.5 = -55.5 points

However, the options given are in terms of positive and negative values, not points. To convert, we divide by 100 (since 1 point = 0.01).

So, the FX swap rate to 22nd November, 2018 is -55.5 / 100 = -0.555

This is not an option in the given choices. There may be a mistake in the question or the given options.

Question

To determine the FX swap rate to 22nd November, 2018, we first need to calculate the number of months between 1st June, 2018 and 22nd November, 2018. This gives us approximately 5.7 months.

Since we don't have a swap rate for 5.7 months, we need to interpolate between the 5 and 6 month swap rates.

The 5 month swap rate is -45 points and the 6 month swap rate is -60 points.

To interpolate, we use the formula:

Swap rate = Swap rate at lower time + (Time difference / Time interval) * (Swap rate at higher time - Swap rate at lower time)

Swap rate = -45 + (0.7 / 1) * (-60 - (-45))

Swap rate = -45 - 10.5 = -55.5 points

However, the options given are in terms of positive and negative values, not points. To convert, we divide by 100 (since 1 point = 0.01).

So, the FX swap rate to 22nd November, 2018 is -55.5 / 100 = -0.555

This is not an option in the given choices. There may be a mistake in the question or the given options.

Knowee AI · Accepted Answer

To determine the FX swap rate to 22nd November, 2018, we first need to calculate the number of months between 1st June, 2018 and 22nd November, 2018. This gives us approximately 5.7 months.

Since we don't have a swap rate for 5.7 months, we need to interpolate between the 5 and 6 month swap rates.

The 5 month swap rate is -45 points and the 6 month swap rate is -60 points.

To interpolate, we use the formula:

Swap rate = Swap rate at lower time + (Time difference / Time interval) * (Swap rate at higher time - Swap rate at lower time)

Swap rate = -45 + (0.7 / 1) * (-60 - (-45))

Swap rate = -45 - 10.5 = -55.5 points

However, the options given are in terms of positive and negative values, not points. To convert, we divide by 100 (since 1 point = 0.01).

So, the FX swap rate to 22nd November, 2018 is -55.5 / 100 = -0.555

This is not an option in the given choices. There may be a mistake in the question or the given options.

The current AUD/USD spot rate is 0.7560. Today’s date is 1st June, 2018. 4, 5 and 6 month AUD/USD swap rates are -30, -45 and -60 points, respectively. Determine the FX swap rate to 22nd November, 2018. Select one: a. 0.75065 b. +38.5 c. +53.5 d. -38.5 e. -53.5

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