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The following information is given: Spot rate RM/S$ Spot rate RM/€ One month forward RM/S$ 10/90 One month forward RM/€
Posted: Sun Jul 03, 2022 4:12 pm
by answerhappygod
- The Following Information Is Given Spot Rate Rm S Spot Rate Rm One Month Forward Rm S 10 90 One Month Forward Rm 1 (34.84 KiB) Viewed 11 times
The following information is given: Spot rate RM/S$ Spot rate RM/€ One month forward RM/S$ 10/90 One month forward RM/€ : 20/85 :RM2.4565/4633 :RM5.0323/0400 Three months interest in Malaysia is 5.5%, in Singapore is 4.0% and in Italy is 3.5%. i) If you have RM570,250 today, determine how much S$ would you exchange with. (2 marks) ii) If you have €420,000 today, ascertain how much ringgit would you exchange with. (2 marks) iii) Determine how many ringgit would you receive with $$300,000 for delivery in one month's time. (2 marks) iv) Determine how many € would you receive with RM650,500 for delivery in three month's time. (2 marks)