On 1 February 2022, the exchange rate of Australian dollars for the Indian rupee was 0.0185...
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On 1 February 2022, the exchange rate of Australian dollars for the Indian rupee was 0.0185 AUD/INR. On 10 May 2022, the exchange rate was 0.01897 AUD/INR. If a textile company had a net exposure to the Indian rupee of 8,900,000 INR, what is the company's Australian dollar gain or loss during this period? On 1 February 2022, the exchange rate of Australian dollars for the Indian rupee was 0.0185 AUD/INR. On 10 May 2022, the exchange rate was 0.01897 AUD/INR. If a textile company had a net exposure to the Indian rupee of 8,900,000 INR, what is the company's Australian dollar gain or loss during this period?
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To calculate the gain or loss we need to convert the net exposure in Indian rupe... View the full answer
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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