Items EUR/USD USD/MYR USD/SGD SPOT (28 October 2018) 1.1017/18 4.2200/699 1.3917/87 1 MONTH 437/492 74/119 106/138 2 MONTH 103/106 152/202 225/285 3 MONTH -187/+187 278/228 36/42 Table 1: quoted by banks as at 28 October 2018. Based on the above rates, calculate the following (assume no margins or charges are imposed and all exchange controls/regulations are complied with): Quoting bank sells USD/MYR at value spot Quoting bank buys SGD/MYR fixed 3 month delivery Exporter sells USD/MYR option spot to 3 month
Items EUR/USD USD/MYR USD/SGD SPOT (28 October 2018) 1.1017/18 4.2200/699 1.3917/87 1 MONTH 437/492 74/119 106/138 2 MONTH 103/106 152/202 225/285 3 MONTH -187/+187 278/228 36/42 Table 1: quoted by banks as at 28 October 2018. Based on the above rates, calculate the following (assume no margins or charges are imposed and all exchange controls/regulations are complied with): Quoting bank sells USD/MYR at value spot Quoting bank buys SGD/MYR fixed 3 month delivery Exporter sells USD/MYR option spot to 3 month
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 2SEA
Related questions
Question
Items |
EUR/USD |
USD/MYR |
USD/SGD |
SPOT (28 October 2018) |
1.1017/18 |
4.2200/699 |
1.3917/87 |
1 MONTH |
437/492 |
74/119 |
106/138 |
2 MONTH |
103/106 |
152/202 |
225/285 |
3 MONTH |
-187/+187 |
278/228 |
36/42 |
Table 1: quoted by banks as at 28 October 2018.
Based on the above rates, calculate the following (assume no margins or charges are imposed and all exchange controls/regulations are complied with):
- Quoting bank sells USD/MYR at value spot
- Quoting bank buys SGD/MYR fixed 3 month delivery
- Exporter sells USD/MYR option spot to 3 month
- Importer buys EUR/SGD 1 month to 2 month delivery
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