QUESTION 1 a) Spot rate | MYR0.6500/0.6550/RMB | SGD0.3220/0.3257/MYR 30-days swap rate | 65/75 | 54/48 90-days swap rate | 75/68 | 54/65 Based on the above information, you are required to:
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Step 1
First, we need to find the spot rate for RMB/MYR. We can do this by taking the reciprocal of the given MYR/RMB spot rate. Spot rate (RMB/MYR) = 1 / 0.6550 = 1.5267 Show more…
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