As a trader for Goldman Sachs, you see the following prices from two different banks: 1-year euro deposits>loans: 6.0%–6.125% p.a. 1-year Malaysian ringgit deposits/loans: 10.5%– 10.625% p.a. Spot...

As a trader for Goldman Sachs, you see the following prices from two different banks:

1-year euro deposits>loans: 6.0%–6.125% p.a.

1-year Malaysian ringgit deposits/loans: 10.5%– 10.625% p.a.

Spot exchange rates: MYR4.6602/EUR–MYR4.6622/EUR

1-year forward exchange rates: MYR4.9500/EUR– MYR4.9650/EUR

The interest rates are quoted on a 360-day year. Can you do a covered interest arbitrage?