Click on the Detail Button to view the Formula Sheet.
You are quoted the following market rates:
spot GBP/USD. 1.6530
9M (272-day) GBP. 3.60%
9M (272-day) USD. 1.95%
What are the 9-month GBP/USD forward points?
A. +206
B. +197
C. -195
D. -204
Click on the Detail Button to view the Formula Sheet.
You are quoted the following market rates:
spot EUR/CHF 1.1005
6M (180-day) EUR 3.45%
6M (180-day) CHF 1.25%
What are the 6-month EUR/CHF forward points?
A. +121
B. +120
C. -116
D. -119
Click on the Detail Button to view the Formula Sheet. If spot GBP/CHF is quoted 2.3875-80 and the 3month forward outright is 2.3660-70, what are the forward points?
A. 21.5/21
B. 210/215
C. 215/210
D. 21/21.5
Click on the Detail Button to view the Formula Sheet.
You are quoted the following market rates:
spot EUR/USD. 1.2250
3M (91-day) EUR 2.55%
3M (91-day) USD. 2.00%
What is 3-month EUR/USD?
A. 1.2232
B. 1.2233
C. 1.2234
D. 1.2267
Click on the Detail Button to view the Formula Sheet.
You are quoted the following market rates:
spot EUR/GBP 0.6670
6M (182-day) EUR 2.35%
6M (182-day) GBP 3.75%
What is 6-month EUR/GBP?
A. 0.6675
B. 0.6715
C. 0.6717
D. 0.6718
Click on the Detail Button to view the Formula Sheet. If you sell USD 3-month forward to a client against EUR, what should you do to hedge your position?
A. Buy USD spot, and buy and sell a 3-month EUR/USD FX swap
B. Sell EUR/USD in the spot market, borrow EUR for 3 months and lend USD for 3 months
C. Sell a 3-month EUR/USD outright forward
D. Any of the above
Click on the Detail Button to view the Formula Sheet. 3-month EUR/USD FX swaps are quoted to you at 15/19. If the "points are in your favour", what have you done?
A. Bought and sold 3-month EUR/USD through the swap
B. Sold and bought 3-month EUR/USD through the swap
C. Made the quote
D. Cannot say
Click on the Detail Button to view the Formula Sheet. A customer asks for a price in 3-month CHF/JPY.
You quote 56/54. The customer deals at 54.
What have you done?
A. Bought CHF against JPY spot and sold JPY against CHF 3-month forward
B. Sold CHF against JPY spot and bought CHF against JPY 3-month forward
C. Bought CHF against JPY spot and sold CHF against JPY 3-month forward
D. Bought JPY against CHF 3-month outright
Click on the Detail Button to view the Formula Sheet. A 6-month SEK/NOK Swap is quoted 140/150. Spot is 0.9445. Which of the following statements is correct?
A. SEK interest rates are higher than NOK interest rates
B. NOK interest rates are higher than SEK interest rates
C. NOK interest rates are higher than USD interest rates
D. SEK interest rates and NOK interest rates are converging
Click on the Detail Button to view the Formula Sheet. What is the value date of a 6-month outright forward FX transaction dealt today, if todays spot date is Monday, 30 th June? Assume there are no bank holidays.
A. 27th December
B. 30th December
C. 31st December
D. 1st January
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