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3I0-012 ACI Dealing Certificate Questions 386–390 (page: 79)

Updated On: 9-Feb-2026

If you have created a ‘synthetic asset’ by buying and selling a USD/CHF swap, what have you done?

  1. Created an exposure to the CHF
  2. Created an exposure to the USD
  3. Switched a CI-IF asset temporarily into USD without taking currency risk
  4. Switched a USD asset temporarily into CHF without taking currency risk

Answer(s): C



If I say that I have “bought and sold” EUR/USD in an FX swap, what have I done?

  1. Bought EUR and sold USD spot, and sold EUR and bought USD forward
  2. Bought USD and sold EUR spot, and sold USD and bought EUR forward
  3. Synthetically taken a USD loan in exchange for making a EUR loan with the same counterparty
  4. Sold EUR/USD spot and bought back EUR/USD forward

Answer(s): A



If EUR/USD is 1.3025-28 and the 6-month swap is 15.50/17, what is the 6-month outright price?

  1. 1.3042-1.30435
  2. 1.30405-1.3045
  3. 1.30095-1.3011
  4. 1.4575- 1.4728

Answer(s): B



If spot USD/HKD is 7.7600 and USD/SGD is 1.2350, what is SGD/HKD?

  1. 9.5836
  2. 6.2834
  3. 0.1591
  4. 0.1043

Answer(s): B



If USD/JPY is quoted to you as 98.10-15 and USD/CHF as 0.9294-99, what is the rate at which you can buy CHF against JPY?

  1. 105.50
  2. 105.61
  3. 10555
  4. 0.009474

Answer(s): B



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