Seek the guidance of international financial experts ~ There are two problems to be solved ~

First, calculate the exchange rate between US dollars and Hong Kong dollars:

USD/HKD = (121.4015.70)/(121.6015.60) = 7.7325/7.

Determine the exchange rate again

The bank quotation is the price of buying the benchmark currency (in this case, the US dollar) and the price of selling the benchmark currency. In this case, the customer sells the benchmark currency USD, that is, the bank buys the benchmark currency, and the purchase price is 7.7325.

Two:

The three-month forward exchange rate is USD/SGD = (5.2130-0.0160)/(5.2160-0.010) = 5.

The forward exchange rate is expressed in points, which means that the forward exchange rate is lower than the spot exchange rate, the forward foreign exchange rate is discounted, and the benchmark currency, the US dollar, depreciates.

Twelve-month forward exchange rate: USD/SGD = (5.2130+0.0020)/(5.2160+0.0080) = 5.2150/5.2240.

The forward exchange rate is expressed in points, that is, the forward exchange rate is higher than the spot exchange rate, the forward foreign exchange rate rises, and the benchmark currency, the US dollar, appreciates.

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