You wish to buy a 90-day SGD forward

You wish to buy a 90-day SGD forward

Question # 00506580 Posted By: rey_writer Updated on: 04/01/2017 01:51 AM Due on: 04/01/2017
Subject Finance Topic Finance Tutorials:
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You wish to buy a 90-day SGD forward to cover an export receivables (in EUR) equal to 3,000,000, due in 90 days. Your dealer quote you spot SGD/EUR 6395-11 and 90 day forward points 15-10. How much SGD will you receive in settlement?

Could you please help me with this question with detail calculation?
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    Tutorial # 00503303 Posted By: rey_writer Posted on: 04/01/2017 01:52 AM
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