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How much australian dollar the exporter will make a profit

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Reference no: EM132755543

Problem 1: An Australian exporter has supplied goods to India and will receive 5 million Indian rupees (INR) in one year. The exporter expects that the INR will be selling at 12.57% premium against the Australian dollar (A$) in the one-year forward contract. The spot exchange rate is A$0.2544 and the exporter wants to sell INR5 million in the one-year forward contract. How much Australian dollar the exporter will make a profit after one year? (enter the whole number without sign or symbol)

Reference no: EM132755543

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