a) An Australian manufacturing company is exporting goods to Thailand. To ascertain the firms competitiveness in the foreign market, it needs to calculate the THB/AUD cross-rate. An FX dealer quotes the following rates: USD/AUD 1.3112-32 USD/THB 4.230050 Calculate the THB/AUD cross rate. b) A Malaysian importer has entered into a contract under which it will require payment in AUD in one month. The company is concerned about its exposure to foreign exchange risk and decides to enter into a forward exchange contract with its bank. Given the following data, calculate the forward rate offered by the bank. Both countries use a 360-day year; assume a 30-day contract. MYR/AUD 1.6117-62 One-month Malaysian interest rate: 5.21% p.a. One-month Australian interest rate: 3.78% p.a.