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Please answer below ques with explanation 3. Table 1 below show the foreign exchange rate between 2 countries compared than MYR Malaysia in the foreign
Please answer below ques with explanation
3. Table 1 below show the foreign exchange rate between 2 countries compared than MYR Malaysia in the foreign market. Table 1 Country Foreign Exchange Rate (FOREX) Italy Euro 1 = MYR4.30 United States of America (US) AS$ 1 = MYR3.60 1. If the price of good Y in Italy is 35 and in US is AS$28, calculate the value of importer should paid in MYR for each countries. (4) II. Determine which country if the best for Malaysian importer to buy 1,000 unit of product Y. Give your reasons (4) III. "If Malaysia Ringgit value is increasing by 3.20 percent compared than AS$ dollar since pegged FOREX currency policy was abolished by the government in July 2019! Explain the impact of this changes policy to Malaysia trade. (2)Step by Step Solution
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