Supposed that the following quotations between Malaysian ringgit and euro (RM/€) were reported in The Star newspaper rec

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Supposed that the following quotations between Malaysian ringgit and euro (RM/€) were reported in The Star newspaper rec

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Supposed That The Following Quotations Between Malaysian Ringgit And Euro Rm Were Reported In The Star Newspaper Rec 1
Supposed That The Following Quotations Between Malaysian Ringgit And Euro Rm Were Reported In The Star Newspaper Rec 1 (135.75 KiB) Viewed 45 times
Supposed that the following quotations between Malaysian ringgit and euro (RM/€) were reported in The Star newspaper recently. Spot rate 1-month 3-month Thursday 4.6500 4.6550 4.6605 Wednesday 4.6460 4.6510 4.6570 (0) Report the euro value of ringgit for each of the rates above. [2 marks] (ii) Infer how much has ringgit changed in value against euro in that one day. Has ringgit appreciated or depreciated against euro in the spot market? [2 marks] (iii) Illustrate and explain whether euro is traded at discount or premium in the forward market for 1- and 3-month contracts. [4 marks]
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