Question: question 2 Exchange rate Spot rate 1 month forward 2 month forward 3 month forward Canada dollar RM 3.3900/25 10/15 35/25 30/20 New Zealand dollar

question 2

Exchange rate

Spot rate

1 month forward

2 month forward

3 month forward

Canada dollar

RM 3.3900/25

10/15

35/25

30/20

New Zealand dollar

RM 2.7600/15

20/40

30/40

50/25

Chinese yuan renminbi

RM 0.6600/10

15/5

30/20

25/35

Country

Rate (%)

Canada

9

New Zealand

7

China

4

Malaysia

2

Required

  1. If the bank's customer wants CNY25,000, how many RM would he exchange UTK today?

  1. If you are expected to receive CAD100,000 in 2 months' time, how much is it pay in RM?

  1. If the bank's customer wishes to sell NZD350,000 in 3 months time, how much he will receive in RM?

  1. What is the annualized premium or discount on the 3-month forward bid RM per NZD rate?

  1. What is the bid-ask price and percentage spread of CAD per CNY in 90 days?

  1. What is the bid-offer price and percentage spread of CAD in NZD in 180 days?

  1. If you need to pay NZD450,000 in 6 months time for a foreign currency transaction, how much would that be in CAD?

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