Recently, your friend who owns a multinational corporation in…

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Question Recently, your friend who owns a multinational corporation in… Recently, your friend who owns a multinational corporation in Malaysia has just bought fabrics from a U.S. company, with payment of $1 million due in 6 months. Assuming today is 20 April 2022, given the current spot rate (MYR/USD) is MYR/USD 4.3103-221, the six-month forward rate is MYR/USD 4.4252-70. Due to the impacts of the Malaysian stock market performance on value of MYR, you expect the spot rate to reach MYR/USD 4.4340-57 in coming six months, calculate the implicit gains or losses on this forward position in MYR Business Finance Share QuestionEmailCopy link Comments (0)