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How much australian dollar the exporter will make a loss

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Reference no: EM132654511

Problem 1: An Australian exporter has supplied goods to India and will receive 1 million Indian rupees (INR) in one year. The exporter expects that the value of the INR will depreciate by 23.95% against the Australian dollar from today's spot rate of 0.2751 in one year. How much Australian dollar the exporter will make a loss in percentage (%) due to depreciation of INR after one year?

Reference no: EM132654511

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