1bi) Consider a five year currency swap with notional principal of Australian dollar 100000, whereby...
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1bi) Consider a five year currency swap with notional principal of Australian dollar 100000, whereby A receives annual payment in AUD and B receives annual payment in NZD at a contractual exchange rate of 1.18 (NZD/AUD). If the market exchange assumes the following values: April 2009 1.25 April 2010 1.15 April 2011 1.10 April 2012 1.30 April 2013 1.18 2.5 marks Find the payment made by A to B and vice versa
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