The USD/CAD spot bid-ask rates are 0.7560-0.7625. The 3-month forward points are 12-16. What are the USD/CAD 3-month forward bid-ask rates

$0.7572–$0.7641

Explanation:

Calculation for the USD/CAD 3-month forward bid-ask rates

Calculation for Forward bid using this formula

Forward bid = Spot Bid + 3M forward points

Let plug in the formula

Forward bid= $0.7560 + 0.0012

Forward bid= $0.7572

Therefore Forward bid is $0.7572

Calculation for Forward Ask using this formula

Forward Ask = Spot Ask + 3M forward points

Let plug in the formula

Forward Ask= $0.7625 + 0.0016

Forward Ask= $0.7641

Therefore Forward Ask is $0.7641

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