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2. The 6-month interest rate on USD deposits was about 5% per annum on March 15, 2020. The exchange rate on that date was MYR4.20/USD.
2. The 6-month interest rate on USD deposits was about 5% per annum on March 15, 2020. The exchange rate on that date was MYR4.20/USD. Six months (180 days) later, it was MYR4.15/USD. What was the total 6-month return in percentage to a Malaysian investor in local percentage on money deposited in a USD account
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
8th Edition
1111534861, 9781111534868
