Final answer:
The FX dealer quote for the USD/EUR provided to the treasurer translates to a forward rate of USD/EUR 0.6223-46, accounting for the addition of forward points to the spot rate.
Step-by-step explanation:
The treasurer has been provided with an FX dealer quotation for the U.S. dollar against the euro (USD/EUR). The quote of "sixty-two ten-fifteen, thirteen-thirty-one" suggests a spot rate and a forward rate spread. The first part (62-10/15) is the spot rate expressed in a particular convention, where the leading digits (often one or two) are omitted after the decimal for brevity. The forward points, which are the difference between the spot and forward rates, are quoted as 13-31. To determine the forward rates, we add the forward points to the spot rate:
- For the bid rate: 0.6210 + 0.0013 = 0.6223
- For the ask rate: 0.6215 + 0.0031 = 0.6246
Therefore, the correct forward rate is USD/EUR 0.6223-46, which corresponds to option (c).