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Explain the client has requested to use indirect quoting

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Exchange rate quotation: The overall investment would be 2.3 million AUD if the investment is made now (e.g. if the current exchange rate is 0.7 USD per AUD, then 1.61 million USD is the investment value). The future spot exchange rates in 12-month become (1) + 10 percent of the current rate (as of 1st of June 2020), (2) - 5 per cent of the current rate (as of 1st of June 2020), and (3) unchanged from the current rate (as of 1st of June 2020).

Problem 1: The client has requested you to use the indirect quoting from the Australia's point of view for the exchange rate.

Reference no: EM133004248

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