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9 . The following represents the exchange rate information for the Thai Baht and the Singapore Dollars ( SGD ) : Spot market: USD 1

9. The following represents the exchange rate information for the Thai Baht and the Singapore Dollars (SGD):
Spot market: USD 1: 30.34 Baht (now)
USD 1: SGD1.35
3-month Forward market:
Baht: 3.10 discount
SGD: 0.01 premium
Calculate the cross rate for the Thai Baht and the Singapore Dollars (SGD)
Calculate the percentage of Thai Baht expected to depreciate against the U.S. Dollars in three months
Calculate the percentage of Thai Baht expected to depreciate against the Singapore Dollars

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