question archive An Australian exporter has supplied goods to India and will receive 3 million Indian rupees (INR) in one year
An Australian exporter has supplied goods to India and will receive 3 million Indian rupees (INR) in one year
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An Australian exporter has supplied goods to India and will receive 3 million Indian rupees (INR) in one year. The exporter expects that the INR will be selling at 14.42% premium against the Australian dollar (A$) in the one-year forward contract. The spot exchange rate is A$0.2988 and the exporter wants to sell INR3 million in the one-year forward contract. How much Australian dollar the exporter will make a profit after one year? (enter the whole number without sign or symbol)
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