2 (25 MARKS) As a banker at an Oisee Bank, you are given the following quotations: Exchange Rate Spot Rate 1-month forward 2-month forward Indian Rupee (INR) (RM5.5000/10) (20/40) (60/50) Japanese Yen () (RM3.6000/10) (20/60) 3(0/40) Thai Bath (THB) (RM8.9000/10) (40/30) (60/50) Country Rate (Percent) India 8 Japan 4 Malaysia 5 Thailand 6 i) If the bank's customer need THB10,000, how many RM would he exchange today? ii) If you are expected to receive INR50,000 in 1 months' time, how much is it pay in RM? iii) If the bank's customer wishes to sell 200,000 in 2 months' time, how much he will receive in RM? iv) What is the annualized premium or discount on the 2-month forward bid RM per rate? v) What is the bid-ask price and percentage spread of INR per THB in 60 days? vi) What is the bid-offer price and percentage spread of INR in in 90 days? vii) If you need to pay 100,000 in 3 months' time for a foreign currency transaction, how much would that be in INR