RATESFed Funds0.25ECB Refi Rate0.25UK Base Rate0.50RBA Cash Rate2.50NZ Cash Rate2.50SWAP SPREADSSPREADWoW CHANGE US 5 Yr Swaps10.25(2.75)US 10 Yr Swaps6.75(6.69)Germany 5 Yr Swaps42.37(0.90)Germany 10 Yr Swaps28.10(0.72)UK 5 Yr Swaps21.17(0.99)UK 10 Yr Swaps(5.18)(5.29)Thisinformation...
23. Assume the following exchange rates: $1 = NZ$3, NZ$1 = MXP2, and $1 = MXP5. Given this information, as you and others perform triangular arbitrage, the exchange rate of the New Zealand dollar (NZ) with respect to the U.S. dollar should ___, and the exchange rate of the ...