Question
As a treasury trader of Bank Royal Malaysia Berhad (BRMB), you had just purchased GBP 3.8 million from Golden Berhad at MYR 5.3944 and GBP
As a treasury trader of Bank Royal Malaysia Berhad (BRMB), you had just purchased GBP 3.8 million from Golden Berhad at MYR 5.3944 and GBP 5.6 million from Novac Berhad. at MYR 5.3947. On the same day, you also purchased GBP4.0 million from Scimago Berhad at 5.3945. You were also given to CIMB Islamic KL GBP 4.8 million at MYR 5.3953 and GBP 3.0 million to Public Islamic Bank at MYR 5.3950. Berkat Malaysia Berhad and Montrose Berhad also bought from you GBP 2.5 million and GBP 1.8 million respectively at MYR 5.3957 and MYR 5.3958. answer the following questions:
(i) Record the above transactions in table format to show your current FX position.
(ii) Identify the current forex position of Bank Rizqi Malaysia Berhad.
(iii) Compute the average holding cost of the Forex position.
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