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How much australian dollar the exporter will make a profit

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Reference no: EM132654508

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 profit in percentage (%) due to appreciation of INR after one year?

Reference no: EM132654508

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