What must the forward exchange rate have been at the time, Macroeconomics

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What must the forward exchange rate have been at the time

Problem

As at 3 January 2008 the following information was known:

1. NZ 90 day bank bill interest rate was 8.8% per annum
2. US 90 day bank bill interest rate was 4.1% per annum
3. the spot exchange rate was US$0.7748

What must the forward exchange rate have been at the time in order for currency asset holders to be neutral about holding either $NZ or $US assets? (Calculate the value correct to 4 d.p. and enter just the number, e.g. 0.1234, and no other symbols or letters)

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Macroeconomics: What must the forward exchange rate have been at the time

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Macroeconomics: What must the forward exchange rate have been at the time

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