Forex Exchanges Rates : Find Quotes Rates|BFM|CAIIB Solutions

•  TT buying rate for Inward payment OF USD 250,000, if Inter-bank rate is 49.00/02, and margin to be charges is 0.08%

Solution: Payment is inward to bank means, bank is buying, Buying means Lowest rate that will be 49.00 .

Now Margin: 49.00*.08%=  .0392

When we are buying margin deducted hence = 49.00-.0392

                                                                        =48.9608

Hence Amount will be = 250,000*48.9608

                                     =12240200/-

• Bill Selling rate for import bill of USD 100,000, if inter-bank rate is 48.5600/5700, and margin to be charged at 0.20%

Solution : Transaction is selling, means the Outward payment, means selling(Ask Rate) which will be 48.5700.

Now Margin: @ .20% = 48.5700*.20%= .09714
On Selling transaction margin will be add to spot rate, hence rate will be 48.6671(48.5700+.09714)  .
Hence total amount debited will be 4866714/-

• TT buying rates of GBP 50,000/- inward payment, if USD/INR is 48.50/52 and GBP/USD is 1.6050/60.  Ignore margins

Inward payment means, there is buying transaction means we need to find buying rate. There is no direct quote available in GBP/INR hence we should find by cross rates

GBP/INR= GBP/USD X USD/INR

All quotes are buying in above equation. 

GBP/INR = 1.6050*48.50

=77.8425

Amount credit to customer= Rs. 38,92,125  

• TT selling rate for issue of draft for JPY 100,00 , If USD/INR is 47.9400/9450 and USD/JPY IS 99.50/55. No margin. Give rupee amount to be charged

We are selling JPY, again we do not have direct quote for INR and JPY hence cross rates mechanism
 

JPY/INR= JPY/USD X USD/INR 

Change all quotes in selling rates 

• Rate for forward purchase booking USD 100,00 delivery 3rd month(full month) if USD/INR spot is 48.7850/7950 and premium is 1M-.0800/0.0900, 2M -0.1600/0.1700 and 3M- 2500/2250. Ignore margins.

For forward purchase means there is buying transactions but delivery after 3rd month. Now buying rate will be 48.7850

Hence rate will be at 2M - 48.945
                              at 3M- 49.035
buying rate will be minimum hence Rate is 48.945,  Amount paid to customer=Rs.48,94,500

• Date as same above; Forward sale contract USD 500000, delivery 2nd month(full month). margin is .15% to be charged

Spot rate:  48.7850/7950

1M Premium:- .0900 hence rate 48.885 

and after .15% margin = 48.958

2M Premium:-.1700 hence rate 48.965 

and after .15% margin=  49.038

In sale transaction, consider maximum rate, hence amount charged: 49.038*500000= Rs. 24519220