Pairing the US Dollar with the Kazakhstani Tenge will result in a free lunch since KZT has an interest rate of 10% as opposed to USD’s 1.0%. Furthermore, the USD/KZT exchange rate is 315.63 and KZT has an inflation rate of only 5.1%.
Look at carry trades from above. Choose USD/KZT currency pairs and enter into two forward contracts for delivery on Monday, April 17.
This means you will have to negotiate with the market (that is, your classmates) to get the rate you desire. Use the discussion board and/or email for negotiation of your contracts.
Remember forward contracts are for physical delivery, not financial. If you make a forward contract for 10,000 barrels of oil, then 10,000 barrels of oil will be delivered to your door.