Question:

Today your bank, UUM Bank Berhad, had just purchased USD 1.5 million from United Plantations Berhad at 3.8010 and USD 2.0 million from Lee Oilmills Sdn Bhd at 3.8008. You were also given by Bangkok Bank KL USD 3.0 million at 3.8003 and USD 1.0 million by Standard Chartered Bank Hong Kong at 3.8005. Nestle Malaysia Sdn Bhd and Giant Superstores Sdn Bhd each bought from you USD 0.8 million and USD 1.2 million respectively at 3.7990 and 3.7992. Meanwhile a treasurer at the national car manufacturer, Proton, calls and informs you that she has to settle an import bill worth USD 5.5 million in two days time. She asks you, a treasury dealer at UUM Bank, for a spot USD/MYR. How would you quote her assuming this is the last transaction for you today on the USD/MYR and you want to show a profit of at least MYR10,000.