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1 . Firm ABC is a food manufacturer located in Australia. 2 . The firm plans to replace their old machine and equipment with the

1. Firm ABC is a food manufacturer located in Australia.
2. The firm plans to replace their old machine and equipment with the latest models. They will buy machine and equipment from manufacturers located in France and United States. The new machine and equipment will be delivered in 6 months time.
3. The firm exports its products to Singapore, Japen, the United Kingdom.
4. The firm has a payment of 3,000,000EUR due in 3 months and then another 3,000,000EUR due in 6 months to the machine manufacturer in France. The firm need to pay 5,000,000USD to the machine manufacturer in the United States in 2 months and then another 5,000,000USD in 6 months.
5. The firm is due to receive 3,000,000 SGD from their customer in Singapore every 3 months over the next 6 months and then 3,500,000SGD every 3 months after they receive the new machine. They will also receive a payment of 6,000,000 GBP from their customer in the United Kingdom in 3 months and a payment of 50,000,000 JPY from their customer in Japen in 5 months.
6. The firm has 2,000,000 EUR kept in a term deposit account earning an interest rate of 3.5% per annum in France. The term deposit matures in 3 months.
List the future spot exchange rates(Forecast by using exchange rate now)(the currency pair and the relevant month) that
directly affect your firm and form a forecast (a number is required) for each of these future spot exchange rates.

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