Question: Hi can you help me to answer this question for fundamental of foreign exchange. Q1. When a bank decided to buy USD/MYR for 1 million
Hi can you help me to answer this question for fundamental of foreign exchange.
| Q1. When a bank decided to buy USD/MYR for 1 million at 3.2000, it means | ||||||
| i. | The bank is | _____________________ | USD | _________________ | ||
| ii. | The bank is | _____________________ | MYR | _________________ | ||
Q2. You are one of the Treasury Dealers at UUM Bank. You call USM Bank for a USD/SGD quote. USM Bank responded and says 1.50 80 / 00.
| i. | At what rate can you buy SGD? | ________ |
| ii. | At what rate can you buy USD? | ________ |
| iii. | At what rate can you sell SGD? | ________ |
| iv. | At what rate can you sell USD? | ________ |
| v. | At what rate does USM Bank buys USD? | ________ |
| vi. | At what rate does USM Bank buys SGD? | ________ |
| vii. | At what rate does USM Bank sells USD? | ________ |
| viii. | At what rate does USM Bank sells SGD? | ________ |
Q3. You are one of the Treasury Dealers at UUM Bank. Suppose now USM Bank calls you for a USD/MYR quote. You responded and says 3.17 40 / 50.
| i. | What currency can you buy at 3.1750? | ________ |
| ii. | What currency can you buy at 3.1740? | ________ |
| iii. | What currency can you sell at 3.1750? | ________ |
| iv. | What currency can you sell at 3.1740? | ________ |
| v. | What currency can USM Bank buys at 3.1740? | ________ |
| vi. | What currency can USM Bank buys at 3.1750? | ________ |
| vii. | What currency can USM Bank sells at 3.1740? | ________ |
| viii. | What currency can USM Bank sells at 3.1750? | ________ |
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