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Assume today the spot rate of the Singapore dollar (S$) against the Malaysian ringgit (MYR) is B in the following graph when the demand
Assume today the spot rate of the Singapore dollar (S$) against the Malaysian ringgit (MYR) is B in the following graph when the demand and supply of the Singapore dollar are same (equilibrium, E). The value of A, B, and C in the graph is 6.6, 5.77, and 3.72, respectively. If the Malaysian interest rate becomes high relative to Singapore interest rate in one year, what percentage (%) the Singapore dollar is expected to appreciate or depreciate against the Malaysian ringgit based on the following demand and supply graph? (enter 2 decimal places number with no sign or symbol) MYR/S$ A B E C S S S i D Quantity of S$ D D
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