As a foreign exchange trader at a Citibank, you are given the following quotations: 1-month 2-month Exchange Rate Spot Rate forward forward 1 Singapore Dollar (S$) 100 Japanese Yen (100¥) 1 Australian...

As a foreign exchange trader at a Citibank, you are given the following quotations:<br>1-month<br>2-month<br>Exchange Rate<br>Spot Rate<br>forward<br>forward<br>1 Singapore Dollar (S$)<br>100 Japanese Yen (100¥)<br>1 Australian Dollar (AUD)<br>RM3.0500/10<br>RM3.5000/30<br>RM3.1010/40<br>20/70<br>25/65<br>45/35<br>60/50<br>35/70<br>65/55<br>Country<br>Malaysia<br>Japan<br>Singapore<br>Rate<br>15%<br>3-Month interest rate<br>10%<br>20%<br>Calculate:<br>iii.<br>If the bank's customer wishes to buy ¥200,000 in 2 months' time, how much he<br>must pay in RM?<br>

Extracted text: As a foreign exchange trader at a Citibank, you are given the following quotations: 1-month 2-month Exchange Rate Spot Rate forward forward 1 Singapore Dollar (S$) 100 Japanese Yen (100¥) 1 Australian Dollar (AUD) RM3.0500/10 RM3.5000/30 RM3.1010/40 20/70 25/65 45/35 60/50 35/70 65/55 Country Malaysia Japan Singapore Rate 15% 3-Month interest rate 10% 20% Calculate: iii. If the bank's customer wishes to buy ¥200,000 in 2 months' time, how much he must pay in RM?

Jun 10, 2022

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As a foreign exchange trader at a Citibank, you are given the following quotations: 1-month 2-month Exchange Rate Spot Rate forward forward 1 Singapore Dollar (S$) 100 Japanese Yen (100¥) 1 Australian...

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