Find how much australian dollar exporter will make a profit

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Problem 1: An Australian exporter has received goods from India and will pay 2 million Indian rupees (INR) in one year. The exporter expects that the value of the INR will appreciate by 23.87% against the Australian dollar from today's spot rate of 0.2844 in one year. How much Australian dollar the exporter will make a pro t in percentage (%) due to appreciation of INR after one year?c

Reference no: EM132676239

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