countries. On January 28, 2013 an importer customer requested a Bank to remit Singapore Dollar (SGD) 2,500,000 under an irrevocable Letter of Credit (LC). However, due to unavoidable factor, the Bank could effect the remittances only on February 4, 2013. The inter-bank market rates were as VR 34013.6, SGD 7 QUESTION NO. 11 follows: US$ 1 January 28, 2013 45.85/45.90 US$ 1.7840/1.7850 SGD 3.1575/3.1590 February 4, 2013 45.91/45.97 US$ 1.7765/1.7775 SGD3. 1380/3.1390 GBP 1 GBP 1 The Bank wishes to retain an exchange margin of 0.125% Required: How much does the customer stand to gain or lose due to the delay? (Note: Calculate the rate in multiples of 0.0001)