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a) An Australian manufacturing company is exporting goods to Thailand. In order to ascertain the firms competitiveness in the foreign market, it needs to calculate
a) An Australian manufacturing company is exporting goods to Thailand. In order to ascertain the firms competitiveness in the foreign market, it needs to calculate the THB/AUD cross-rate. A FX dealer quotes the following rates:
USD/AUD 1.3112-32
USD/THB 4.230050
Calculate the THB/AUD cross rate.
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