Sell SEK to. SEBank for USD, to Lend USD to LABank. Sell USD Forward to. SEBank for SEK. Sell SEK. Get USD. Deliver USD, Get SEK. Covered Interest Arbitrage: Profits ...
She borrows SEK 1m and converts these to USD at the spot rate 9.1241. In three months, she gets USD and converts these to SEK at the forward rate 9.1580. ...