Question

求翻译划线句

Answer 1

The financial institution will have to buy 1.1% of the AUD principal in the forward market for each year of the life of the swap.Since AUD interest rates are higher than dollar interest rates . AUD is at a discount in forward markets.

金融机构将不得不在1.1%美元的远期市场上购买澳元本金，因为每年的掉期利率都高于美元利率。在远期市场上，澳元是一个折扣。