2. Maverik Avengers is an active currency trader based in Kuala Lumpur, Malaysia. He has been following the movements of closely since the official Brexit. He notices that the exchange rates between the and RM are quoted directly at 5.0500-80 and the available 90-day forward points for the currency pair are 180-200.

If Avengers speculates the spot rates between the and RM to be trading at 5.0600-50 at the end of 90 days, demonstrate how Avengers can make a

speculation profit with RM10 million. (8 marks)