1. An Australian exporter has supplied goods to China and will receive 2 million Chinese yuan (CNY) in one year. Also, the exporter has the following market information and believes that the Purchasing Power Parity (PPP) does hold. How much Australian dollar the exporter will make a profit or loss due to change in todays spot rate after one year according to PPP? (enter the whole number with no sign or symbol) The correct answer is: 17678
2. 

Australian dollar (A$) Chinese yuan (CNY) Spot rate Real interest rate p.a. 3.58% 3.58% Nominal interest rate p.a. 7.50% 11.36% Today's spot rate A$0.2468/CNY