Question
Hi can you help me to answer this question for fundamental of foreign exchange. Q1. When a bank decided to buy USD/MYR for 1 million
Hi can you help me to answer this question for fundamental of foreign exchange.
Q1. When a bank decided to buy USD/MYR for 1 million at 3.2000, it means | ||||||
i. | The bank is | _____________________ | USD | _________________ | ||
ii. | The bank is | _____________________ | MYR | _________________ |
Q2. You are one of the Treasury Dealers at UUM Bank. You call USM Bank for a USD/SGD quote. USM Bank responded and says 1.50 80 / 00.
i. | At what rate can you buy SGD? | ________ |
ii. | At what rate can you buy USD? | ________ |
iii. | At what rate can you sell SGD? | ________ |
iv. | At what rate can you sell USD? | ________ |
v. | At what rate does USM Bank buys USD? | ________ |
vi. | At what rate does USM Bank buys SGD? | ________ |
vii. | At what rate does USM Bank sells USD? | ________ |
viii. | At what rate does USM Bank sells SGD? | ________ |
Q3. You are one of the Treasury Dealers at UUM Bank. Suppose now USM Bank calls you for a USD/MYR quote. You responded and says 3.17 40 / 50.
i. | What currency can you buy at 3.1750? | ________ |
ii. | What currency can you buy at 3.1740? | ________ |
iii. | What currency can you sell at 3.1750? | ________ |
iv. | What currency can you sell at 3.1740? | ________ |
v. | What currency can USM Bank buys at 3.1740? | ________ |
vi. | What currency can USM Bank buys at 3.1750? | ________ |
vii. | What currency can USM Bank sells at 3.1740? | ________ |
viii. | What currency can USM Bank sells at 3.1750? | ________ |
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