3-month EUR/USD FX swaps are quoted to you at 15/19. If the "points are in your favour", what have you done?
A) Bought and sold 3-month EUR/USD through the swap
B) Sold and bought 3-month EUR/USD through the swap
C) Made the quote
D) Cannot say

Question

Quizplus · Accepted Answer

When the points are in your favor, it means you have bought the base currency (EUR) and sold the quote currency (USD) at a lower forward rate, and sold the base currency and bought the quote currency at a higher forward rate, thus benefiting from the swap points.

3-Month EUR/USD FX Swaps Are Quoted to You at 15/19