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Question 2 (12 marks) Assume the client will choose the best rate to deal with. Fill in the blanks below: Client wants to c.g. Buy

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Question 2 (12 marks) Assume the client will choose the best rate to deal with. Fill in the blanks below: Client wants to c.g. Buy 5 Mio GBP versus USD Sell 10 Mio USD versus JPY b. Buy 1 Mio USD versus CAD c. Buy 5 Mio USD versus EUR Bank A quote Competitor Bank Client deals at quote 1.3050 / 58 1.3052 / 62 1.3058 104.98/05 105.00/10 1.3220/28 1.3217/30 1.2080 / 87 1.2086/95 How much did the client save in cach case (in terms of $ or foreign currency)? d. (2 marks) How much JPY saved? e. (2 marks) How much CAD saved? f. (2 marks) How much EUR saved

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