STQ4: [Foreign Exchange Trading You are given the following information about currency rates for pound sterling spot and forward. Currency Spot 1 Month Forward 3 month Forward US (Dollar) 1.5200 - 1.5210 0.32 -0.27c pm 0.89-0.84 c pm Canada (Dollar) 1.8630 - 1.8640 0.30-0.20c pm 0.90 -0.80 c pm Kenya (KES) 24.05'4- 28.0644 2% - 17 pm 6%4-6/4 c pm Tanzania (TZS) 2072.20 - 2079.30 10-20c dis 45 - 55c dis (a) Required: Calculate the cost or value in pounds to a customer who wishes to: buy US $ 1400 one month forward from his bank (b) buy Canadian $ 25,000 spot buy TZS 75,000 three months forward sell KES 28,000 one month forward sell TZS 20,000 three months forward sell C$ 6,000 one month forward (c)