The forward exchange rate is USD 1 = SGD (1.513+0.0210)/(1.5125+0.0220) = SGD/kloc. 533366
Spot pound 1 = USD 1.4689/94, three-month forward price increase (paste)120/10.
The forward exchange rate is GBP 1 = USD (1.4689-0.0120)/(1.4694-0.010) = USD/kloc-0.
In 2.USD/SGD,, the forward exchange rate is higher than the spot exchange rate premium.
When GBP/USD, the forward exchange rate is less than the spot exchange rate.