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2 You were given the following foreign exchange rates and interest rates quotes: Per 100 units of Yen () Per Unit of Euro () Spot
2 You were given the following foreign exchange rates and interest rates quotes: Per 100 units of Yen () Per Unit of Euro () Spot rate RM3.3600/38 RM4.4210/32 Tokyo 6-month interest rate 3.00 percent 4.50 percent Calculate: i) the 6-month bid and offer forward rates for RM/Yen and RM/Euro. (6 marks) ii) the spot bid-ask percentage spread for RM/Yen and RM/Euro. (3 marks) iii) the amount in RM would you receive if you exchange with Yen25 million for delivery in six months. (3 marks) iv) the 6-month cross rate for Yen against Euro. (3 marks) KL Frankfurt 2.50 percent
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