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Subject Treasury Management Given the following market rates Bid Rate Offer Rate USD/MYR 3.1990 3.2010 USD/SGD 1.6280 1.6300 What is your quote if you are
Subject Treasury Management
Given the following market rates
Bid Rate Offer Rate
USD/MYR 3.1990 3.2010
USD/SGD 1.6280 1.6300
- What is your quote if you are an executive with CIMB Bank, Changlun and a local importer asks for an exchange rate to pay for his purchases from Singapore?
- Show the logical steps to arrive at your answer (3 marks)
- Calculate the exchange rate using the cross rate formula (3marks)
- Calculate the exchange rate using the chain rule. (3marks)
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Financial Management Theory And Practice
Authors: Prasanna Chandra
10th Edition
9353166527, 978-9353166526
