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How much australian dollar the exporter will make a profit

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Question - An Australian exporter has supplied goods to India and will receive 4 million Indian rupees (INR) in one year. The exporter expects that the INR will be selling at 12.91% premium against the Australian dollar (A$) in the one-year forward contract. The spot exchange rate is A$0.2577 and the exporter wants to sell INR4 million in the one-year forward contract. How much Australian dollar the exporter will make a profit after one year?

Reference no: EM132784876

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