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Why does it say offer 3 to 9 4.5%-3.5%…i understand the 3 to 9 part. I also understand 4.5% is the fixed rate…why the -3.5% part?
There is no such thing as a currency FRA !!
FRA’s only apply to interest rates. When two rates are given, the higher rate is the rate charged on borrowings, the lower rate is the rate paid on deposits.
Glad i asked that then…got bmy calculator working, it is the order you push the buttons on the root x thingy
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