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Sakura Energy, a Malaysian brent oil trading company, would like to export 100,000 barrels of brent oil with the current price of USD50 per barrel

Sakura Energy, a Malaysian brent oil trading company, would like to export 100,000 barrels of brent oil with the current price of USD50 per barrel to an importer in Taiwan. Determine how much proceeds (in RM) will be received by Sakura Energy.

Question 4 The following are the prices quoted by a forex counter of CIMC Bank in Malaysia: 1 United States Dollar (USD) 1 Great British Pound (GBP) 1 Singapore Dollar (SGD) 100 Taiwanese Dollar (TWD) 100 Hongkong Dollar (HKD) We buy 4.1060 5.1040 2.9400 12.50 51.80 We sell 4.2410 5.3240 3.0870 13.98 54.80

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