Question 26 currency exchange rates

[archived_user]

Hello guys,
I hope you can help me about the question 26 of currency exchange rates.
The objective is calculate de mark-to-market value. The only thing i do not understand is how they know the forward points that is - 0.0016.
The information given is the following USD/CHF quotes are currently available in the market:
Spot 1.0301/1.0302
30 days 1.033613
90 days 1.081081
180 days 1.061798
In this problem we entered into a 180-day forward contract 90 days ago.
So, I do not know how they have calculated the ( - 00.16) forward points with this information, that for me is different in relation to the others problems.
Thanks so much in advance!

 

[archived_user]

You need to tell us what rate they sold the original forward contract at - assuming they sold since spot is below the 90 day forward price and the answer is negative.

 

[archived_user]

Thanks for answering, the exercise is;
90 days ago, we entered into a 180-day forward contract to purchase 1 million CHF at an all-in rate of $1.0225/CHF.
The quotes USD/CHF currently available in the market:
Spot 1.0301/1.0302
30 days 1.033613
90 days 1.081081
180 days 1.061798
Interest rate:
90day CHF 1.02%
180day CHF 1.03%
90day USD 1%
180day USD 0.99%
This is all the information of the question. I dont understand why the forward all-in bid price is 1.0301 - (0.0016) = 1.0285
The (-0.0016) i dont know how they know it.
Thanks!

 

[archived_user]

Is this ques from CFA topic tests or from some other source? I cud not find it in cfai text

 

[archived_user]

This question is from scheweser qbank, part of economics, currency exchange rates, question 26