You are the purchasing agent for a U S business that purchases merchandise on account from companies in Mexico The exchange rate for the Mexican peso has been falling against the U S dollar and the trend is expected to continue for at least several months Would you prefer that the prices for purcha...

The purchasing agent should prefer to buy at prices ...

You are the purchasing agent for a U.S. business that purchases merchandise on account from companies in

Question:

You are the purchasing agent for a U.S. business that purchases merchandise on account from companies in Mexico. The for the Mexican peso has been falling against the U.S. dollar and the trend is expected to continue for at least several months. Would you prefer that the prices for purchases from the Mexican companies be specified in U.S. dollars or in Mexican pesos? Explain.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...