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Homework answers / question archive / What would be 2-months forward quote on AUD/USD if the spot rate is USD/AUD 1

What would be 2-months forward quote on AUD/USD if the spot rate is USD/AUD 1

Finance

What would be 2-months forward quote on AUD/USD if the spot rate is USD/AUD 1.4134-38. Base currency (USD) bid and offer interest rates per annum are 2% and 2.2% per annum, whereas terms currency interest rates are 2.5% and 2.8% per annum.

The answer says 0.7064-72, but I don't get that. Is someone able to explain please?

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