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FOREX Math - Question

The document contains a series of Forex math questions requiring calculations of buying and selling exchange rates for various currencies, including Euro, Pound Sterling, and Japanese Yen. Each question provides specific inter-bank exchange rates, profit margins, overhead charges, and interest rates to determine the amounts to be paid or credited. The calculations are based on different scenarios involving import and export bills with specified transit periods and usance durations.

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0% found this document useful (0 votes)
747 views6 pages

FOREX Math - Question

The document contains a series of Forex math questions requiring calculations of buying and selling exchange rates for various currencies, including Euro, Pound Sterling, and Japanese Yen. Each question provides specific inter-bank exchange rates, profit margins, overhead charges, and interest rates to determine the amounts to be paid or credited. The calculations are based on different scenarios involving import and export bills with specified transit periods and usance durations.

Uploaded by

akashbatsh2021
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FOREX Math Questions: 91 Daibb to 99 BPE

99 BPE:: (Q-10) Suppose, you want to purchase EURO 65,000 to


make payment on behalf of your importer. Please calculate the buying
and selling exchange rate using the following Forex market data and
also calculate the amount of BDT you have to pay for purchasing EURO
65,000? [20 Marks]
Inter bank Forex rate:
EUR 1 = USD 1.0978 – 1.1158
USD 1 = BDT 117.5854 – 118.6476

98 BPE:: (Q-10) Your exporter wants to sell a 120 day usance bill of
EURO 85,000 to your bank. Calculate the buying exchange rate using
the following information. Also calculate the amount of BDT to be paid
by your bank.
[4x5=20]

(a) Inter-bank exchange rate:


USD 1 = EUR 0.9266-0.9455
USD 1 = BDT 109.6508-110.7510
(b) Transit period 15 days.
(c) Profit margin 0.10 per EURO.
(d) Your banks overhead charge 0.0650%.
(e) Interest rate 7% per annum.
[Assume 360 days in a year. Please show your calculation.]
∴Total Exchange Margin= (3.0442+0.0754+0.10)= Tk. 3.2196
So, Buying Exchange Rate= (115.9712 - 3.2196)= Tk. 112.7516 (Per Euro)
Therefore Customer account Will be credited= 112.7516×85000= Tk. 95,83,886 (Aprx.)

97 BPE:: (Q-10.a) Your importer wants to book for a payment of 90-


day LC amount of EUR 25,000.00 to your bank. Calculate the exchange
rate to deal with the import payment. How much does the importer
have to pay to your bank? Please use the following information: [14
Marks]
(i) Inter-bank exchange rate:
USD 1 = BDT 109.5000-110.5000
EUR 1 = USD 1.0750-1.0770
(ii) Your bank's overhand charge 0.0831%
(iii) Interest (or swap) cost 3.0% per annum
(iv) Assume 360 days in a year

Shamal Datta, PO (SBPLC)


FOREX Math Questions: 91 Daibb to 99 BPE

96 BPE:: (Q-09) Your exporter wants to sell a 120-day usance bill of


EUR 65,000.00 to your bank. Calculate the buying exchange rate
of your bank. How much does your bank have to pay to the
exporter? Please use the following information: [20
Marks]
(a) Inter-bank exchange rate:
EUR 1 = USD 1.0715-1.0820
USD1= BDT 106.1010-107.7590
(b) Transit period 10 days
(c) Profit margin BDT 0.10 per EUR
(d) Your bank's overhead charge 0.0625%
(e) Interest rate 6% per annum
(Assume 360 days in a year. Please show your rough calculation)

96 BPE:Q-10) Based on the following information, please calculate


the buying and selling rate of Bangladesh Taka per Japanese Yen when
inter-bank market exchange rate was : [20
Marks]
USD1=JPY 130.3010-132.1280
USD1=BDT 106.1010-107.7590
Also calculate the amount of BDT to be paid by your bank for buying
2.00 million Japanese Yen.
[N.B. Please show your rough calculation]

BPE-95:: (Q-09) Please calculate the exchange rate for buying a 120
days usance bill denominated in Pound Starling 75,000 on the basis of
following data:
[Marks-20]
(a) Pound Starling1=US $ 1.4915 – 1.4990
(b) US $1= Tk. 90.1020 – 91.1020
(c)Transit Period 15 days
1
(d) Postage %
34
(e) Rate of interest 5%
(f) Margin of profit Tk. 0.10 per Pound Sterling
Please calculate the exchange rate as well as the amount to be
credited to the customer’s account. [Assume 360 days a Year].

Shamal Datta, PO (SBPLC)


FOREX Math Questions: 91 Daibb to 99 BPE

BPE-95:: (Q-10) Using the following data please calculate the


exchange rate for the retiring an import bill of Euro 35,000 and the
amount to be debited from the customer’s account:
[Marks-20]
(a) Exchange rate in the interbank market
Euro1= US $ 1.2050 – 1.2090
US $1= Tk. 91.1030 – 92.1030
1
(b) Profit Margin %
16
(c) Your Nostro Account abroad debited 15 days earlier in respect
of this bill
(d) Rate of interest 7% per annum. [Assume 360
days a Year].

BPE-94:: (Q-09) Using the following data please calculate the


exchange rate for the Euro and amount to be paid to the client for
buying a draft of Euro 25,000 drawn on a German Bank:
(a) Exchange rate in the interbank market
Euro 1= $ 1.0732 – 1.1004
US $1= Tk. 85.3020 – 85.7525
(b) Usance period of the bill/draft 90 Days
(c) Interest 6% p.a.
(d) Profit margin Tk. 0.15 per Euro
1
(e) Overhead charge %
16
(f) Transit period 10 days [Assume 360 days a Year]

BPE-94:: (Q-10) Please calculate the exchange rate of your bank for
purchasing an export bill for £15,000 using the following data and also
calculate the amount payable to the exporter:
(a) Tenor of the bill : 60 days sight
(b) Rate of interest : 15%
(c) Transit Period : 10 days
(d) Overhead charges : Tk. 0.05 per £
(e) Bank’s profit margin : Tk. 0.10 per £

Shamal Datta, PO (SBPLC)


FOREX Math Questions: 91 Daibb to 99 BPE

(f) Prevailing Exchange Rate: £1 = US $ 1.3820 – 1.3860


US $1= Tk. 84.7520 – 84.9500 [Assume 360
days a Year]

DAIBB-93:: (Q-09) A customer of your bank requests you to remit


12,000 Pound Sterling in London through T.T. using the following data.
Please calculate your selling rate of pound Sterling and the amount to
be debited to the customer’s account for this remittance.
(a) G.B. £1 = US $ 1.4203 – 1.4208
US $ 1 = Tk. 84.8200 – 85.0520
1
(b) Profit margin Tk. % per Pound Sterling
16
1
(c) SWIFT charge Tk. % [Assume 360 days a
32
Year]

DAIBB-93:: (Q-10) Based on the following data, please calculate the


exchange rate for the Euro 50,000 against an export bill with a usance
period of 120 days and the amount to be credited to the customer’s
account:
(a) Exchange rate in the interbank market
US $1= Tk. 84.7520 – 84.9500
Euro 1=US $ 1.1830 – 1.1845
(b) Profit margin Tk. 0.20 per Euro
(c) Transit period 5 days
1
(d) Overhead charge %
32
(e) Interest 5% p.a. [Assume 360 days a Year]
=BDT (100.2616 - 1.9720)= BDT 98.2896

DAIBB-92: (Q-09) Based on the following data, please calculate the


exchange rate for the Pound Sterling for buying 120-day export bills
and the amount payable to them:
(a) Exchange rate in the interbank market
£ 1= US $ 1.3805 – 1.3840
US $ 1 =Tk. 84.1000 – 84.7000
(b) Profit margin Tk. 0.10 per Pound
(c) Transit period 10 days

Shamal Datta, PO (SBPLC)


FOREX Math Questions: 91 Daibb to 99 BPE

(d) Interest 10% p.a. [Assume 360 days a Year]

DAIBB-92: (Q-10) Please work out your selling rate for retirement of
import documents for Euro 20,000 and the amount to be debited to the
customer’s account. The relevant data are as follows:
(a) Exchange rate in the interbank market
EUR 1 = US $ 1.1820 – 1.1830
ভুলবশত: প্রশ্নে বিলিং
US $ 1 = Tk. 84.7050 – 84.7090 ডেটের কথা উল্লেখ নেই। ১৫

(b) Profit margin


1
%
দিন ধরে অংক করা হয়েছে।
10
1
(c) Out of pocket expenses %
20
(d) Rate of Interest 12% p.a. [Assume 360 days a Year]

DAIBB-91:: (Q-09) Please calculate the exchange rate of pound


Sterling in terms of Bangladesh Taka for buying a usance bill using the
following data:
(a) US $ 1 =Tk. 83.7560 – 83.7600
£ 1= US $ 1.2747 – 1.2757
(b)Transit time 15 days
(c) Rate of interest 10% p.a.
(d) Margin of profit Tk. 0.10 per pound sterling
(e) Usance period of the bill 120 days
Please calculate the amount to be paid to the exporter.
[Assume 360 days a Year]

DAIBB-91:: (Q-10) Using the following data please calculate the


exchange rate for retiring an import bill of your client in Pound:
(a) Spot rate on the date of lodgment:
£ 1= US $ 1.2205 – 1.3205
US $ 1 =Tk. 83.6010 – 84.6010
(b) Bill negotiated abroad 10 days earlier
(c) Interest rate 14% p.a.
1
(d) Profit margin %
6

Shamal Datta, PO (SBPLC)


FOREX Math Questions: 91 Daibb to 99 BPE

(e) The bill is denominated in Pound Starling (£) [Assume 360


days a Year]

Shamal Datta, PO (SBPLC)

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