( 1.6555+0.0060)/( 1.6575+0.0046)= 1.66 15/ 1.662 1

Calculation principle of forward exchange rate:

Forward remittance: if the number of points is small first and then large, and the forward exchange rate rises, then the forward exchange rate = spot exchange rate+forward remittance.

Forward remittance: If the number of points is large before it is small, the forward exchange rate will be discounted, then the forward exchange rate = spot exchange rate-forward remittance.

Supplement:

Premium: in the money market, premium refers to adding points to the spot price to judge the forward or futures price. It is symmetrical with the discount. That is, when the quoted currency interest rate is less than the quoted currency interest rate. At this time, the exchange point is a positive number. In this case, the arrangement of exchange rate points is small left and large right.

Premium means that the forward exchange rate is higher than the spot exchange rate. In direct quotation, the premium represents the depreciation of the local currency. On the contrary, under indirect pricing method, premium represents the appreciation of local currency. For example, the spot exchange rate of RMB against the US dollar is 100 USD = 8 10.02 RMB, and if the futures exchange rate rises by 10 point, the futures exchange rate is 65438 USD = 810.2 RMB, which means RMB depreciation/kloc. vice versa

Discount is the symmetry of a rising tide lifts all boats. The difference between the amount of local currency assets calculated at the forward exchange rate and the amount of foreign currency liabilities calculated at the spot exchange rate in a forward contract. That is, the phenomenon that the quoted currency interest rate is greater than the quoted currency interest rate, that is, the number of exchange points is less than zero. The exchange points are arranged in a way of large left and small right.