Calculate how much funds in usd will be obtained

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Reference no: EM133326681

Case: The quote exchange rate for Rupiah at a bank for JPY today is IDR 127/IDR 125 (Sell/Buy) and for IDR against USD today IDR 14,500/IDR 14,200 (Sell/Buy). The condition of regional exchange rates in Asia is currently on a trend of appreciating (strengthening) against currencies outside the Asian region. Your company intends to exchange as much as JPY800 million into USD to purchase additional investment equipment from the United States.

Question 1: Calculate how much funds in USD will be obtained?

Question 2: As a finance manager, recommend what alternative strategies your company should take in the long term to deal with fluctuating exchange rates?

Reference no: EM133326681

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