Short CHF/USD forward contract是否等价于Long USD/CHF forward contract

NO.PZ2022123002000020问题如下 Gehlot asks Chlapowski toprovi input regarng foreign exchange management. Chlapowski presents spotanforwarrates in Exhibit 3. She also states:Statement 1: A positive roll yielcoulcreatein ng’s portfolio byselling a USEUR forwarcontract.Statement 2: A positive roll yielcoulcreatein ng’s portfolio byselling a CHF/USforwarcontract.Exhibit 3 Spot anForwarRatesIntify whiofChlapowski’s statements is most likely to correbaseon the informationproviin Exhibit 3. Calculate the forwarpremium or scount foreastatement. CorreAnswer: Statement 1 iscorrect.ng’s portfoliois 45% investein Germassets. USEUR is selling a forwarpremium of 5.3%compareto the current spot rate. ng csell the base currena higherpriththe current spot rate, creating a positive roll yielForwarpremium =(1.2/1.14) – 1 = 5.3%Statement 2 is incorrect.CHF/USis not inrequote format, so the quote must converteinto a requote to calculateforwarpremium or scount.USCHF spot rate= 0.99USCHF six-monthforwarrate = 0.952USCHF is tranga scount of 3.83% anselling CHF woulcreate a negative roll yielforng’s portfolio.Forwarscount =(0.952/0.99) – 1 = 3.83% 经典题拆分就拆分，信息都不给全，质量真差

NO.PZ2022123002000020 问题如下 Gehlot asks Chlapowski toprovi input regarng foreign exchange management. Chlapowski presents spotanforwarrates in Exhibit 3. She also states:Statement 1: A positive roll yielcoulcreatein ng’s portfolio byselling a USEUR forwarcontract.Statement 2: A positive roll yielcoulcreatein ng’s portfolio byselling a CHF/USforwarcontract.Exhibit 3 Spot anForwarRatesIntify whiofChlapowski’s statements is most likely to correbaseon the informationproviin Exhibit 3. Calculate the forwarpremium or scount foreastatement. CorreAnswer: Statement 1 iscorrect.ng’s portfoliois 45% investein Germassets. USEUR is selling a forwarpremium of 5.3%compareto the current spot rate. ng csell the base currena higherpriththe current spot rate, creating a positive roll yielForwarpremium =(1.2/1.14) – 1 = 5.3%Statement 2 is incorrect.CHF/USis not inrequote format, so the quote must converteinto a requote to calculateforwarpremium or scount.USCHF spot rate= 0.99USCHF six-monthforwarrate = 0.952USCHF is tranga scount of 3.83% anselling CHF woulcreate a negative roll yielforng’s portfolio.Forwarscount =(0.952/0.99) – 1 = 3.83% 所以Statement 2里面应该是Sell USCHF，对吗？这样才可以判断出statement 2 incorrect。

NO.PZ2022123002000020 问题如下 Gehlot asks Chlapowski toprovi input regarng foreign exchange management. Chlapowski presents spotanforwarrates in Exhibit 3. She also states:Statement 1: A positive roll yielcoulcreatein ng’s portfolio byselling a USEUR forwarcontract.Statement 2: A positive roll yielcoulcreatein ng’s portfolio byselling a CHF/USforwarcontract.Exhibit 3 Spot anForwarRatesIntify whiofChlapowski’s statements is most likely to correbaseon the informationproviin Exhibit 3. Calculate the forwarpremium or scount foreastatement. CorreAnswer: Statement 1 iscorrect.ng’s portfoliois 45% investein Germassets. USEUR is selling a forwarpremium of 5.3%compareto the current spot rate. ng csell the base currena higherpriththe current spot rate, creating a positive roll yielForwarpremium =(1.2/1.14) – 1 = 5.3%Statement 2 is incorrect.CHF/USis not inrequote format, so the quote must converteinto a requote to calculateforwarpremium or scount.USCHF spot rate= 0.99USCHF six-monthforwarrate = 0.952USCHF is tranga scount of 3.83% anselling CHF woulcreate a negative roll yielforng’s portfolio.Forwarscount =(0.952/0.99) – 1 = 3.83% 第2个statement的答案和题目的数据不一致，第2个statement应该也是correct