As a banker at an Oisee Bank, you are given the following quotations: Exchange Rate Spot Rate
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Question:
As a banker at an Oisee Bank, you are given the following quotations:
Exchange Rate Spot Rate 1-month forward 2-month forward
Indian Rupee (INR) RM5.5000/10 20/40 60/50
Japanese Yen (¥) RM3.6000/10 20/60 30/40
Thai Bath (THB) RM8.9000/10 40/30 60/50
Country Rate (Percent)
India 8
Japan 4
Malaysia 5
Thailand 6
- If the bank’s customer need THB10,000, how many RM would he exchange today?
- If you are expected to receive INR50,000 in 1 months’ time, how much is it pay in RM?
- If the bank’s customer wishes to sell ¥200,000 in 2 months’ time, how much he will receive in RM?
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