Reference no: EM132565324

Bank Rizqi Malaysia Berhad (BRMB) had just purchased GBP 3.5 million from Justice Berhad at MYR 5.3544 and GBP 5.3 million from Silver Bird Berhad. at MYR 5.3547. on the same day, you also purchased GBP3.1 million from High-5 berhad at 5.3545. As a treasury trader, you were also given to CIMB Islamic KL GBP 4.5 million at MYR 5.3553 and GBP 3.5 million to Public Islamic Bank at MYR 5.3550. Scomi Malaysia Berhad and Giant Berhad also bought from you GBP 2.3 million and GBP 1.4 million respectively at MYR 5.3557 and MYR 5.3558. answer the following questions:

Question (A) Record the above transactions in table format to show your current FX position.

Question (B) Identify the current forex position of Bank Rizqi Malaysia Bernad.

Question (C) Compute the average holding cost of the Forex position.

Question (D) Compute the amount that you would gain or loss if the prevailing spot GBP/MYR becomes 5.35 45/55.