Sakura Energy, a Malaysian brent oil trading company, would like to export 100,000 barrels of brent oil with the current price of USD50 per barrel to an importer in Taiwan. Determine how much proceeds (in RM) will be received by Sakura Energy.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter29: International Finance
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Sakura Energy, a Malaysian brent oil trading company, would like to export 100,000 barrels of brent oil with the current price of USD50 per barrel to an importer in Taiwan.
Determine how much proceeds (in RM) will be received by Sakura Energy.

Question 4
The following are the prices quoted by a forex counter of CIMC Bank in Malaysia:
We buy_
4.1060
We sell
1 United States Dollar (USD)
1 Great British Pound (GBP)
1 Singapore Dollar (SGD)
100 Taiwanese Dollar (TWD)
100 Hongkong Dollar (HKD)
4.2410
5.1040
5.3240
2.9400
3.0870
12.50
13.98
51.80
54.80
Transcribed Image Text:Question 4 The following are the prices quoted by a forex counter of CIMC Bank in Malaysia: We buy_ 4.1060 We sell 1 United States Dollar (USD) 1 Great British Pound (GBP) 1 Singapore Dollar (SGD) 100 Taiwanese Dollar (TWD) 100 Hongkong Dollar (HKD) 4.2410 5.1040 5.3240 2.9400 3.0870 12.50 13.98 51.80 54.80
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