Calculate forward premium on £ expressed on per annum basis, Finance Basics

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Calculate forward premium on £ expressed on per annum basis

Problem

You Are A foreign exchanger in HSBC. you observe the following quotes between the Malaysian Ringgit (MYR) and The British Pound (£).

Spot Exchange Rate MYR 5.55/€
6-month forward exchange rate MYR 5.80/£
6-month Pound interest rate 2% p.a.
6-month Ringgit Interest Rate 5% p.a.

• Calculate the forward premium (or discount) on the £ expressed on a per annum basis.

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Finance Basics: Calculate forward premium on £ expressed on per annum basis

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Finance Basics: Calculate forward premium on £ expressed on per annum basis

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