Orca Co. is a Fish Company based in Ireland. Founded in 1988 it produces award winning seafood products. It exports in various countries but its main trading partner is based in Sweden. Orca's exports are invoiced in Swedish Krona. Denis Good, owner of Orca Co. has asked his local bank for a quotation of the prevailing spot rate in order to convert a recent payment into euros. However, he has also asked three other nearby banks for a quotation. Denis hasn't used a forward contract to hedge this payment. 

 Do you think Denis can get a more favourable quote from the three nearby banks than his local bank? Explain 

Answer rating: 100% (QA)

Its possible that Denis could receive a more favorable quote from the three ... View the full answer