Answer:
$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
