Forward exchange rate:
Three months: Euro/USD = (1.8120-0.0070)/(1.8150-0.0020) =1.8050/kloc.
Six months: Euro/USD = (1.8120/0/20)/(1.8150-0.0050) =1.
Selective exchange rate:
Immediately to three months: 1.8050/ 1.438+050.
Spot to six months:1.8000/1.5438+050.
Three months to six months:1.8000/1.8130.
According to the pricing principle of the quotation bank, the former is the selective pricing of the bank buying the benchmark currency (Euro). The latter is the selective pricing for banks to sell the benchmark currency (Euro).
(1) Buy USD, from spot to 6 months, that is, the bank buys EUR, and the exchange rate is 1.8000.
(2) Buy USD for a period of 3 months to 6 months, that is, the bank buys Euro at the exchange rate of 1.8000.
(3) The term of selling USD is from spot to 3 months, that is, the bank sells EUR at the exchange rate of 1.438+050.
(4) selling dollars for a period of 3 months to 6 months. That is, banks sell euros. The exchange rate is 1.8 130.
According to the answer you provided, the second answer is wrong.