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An Australian exporter has supplied goods to India and will receive 2 million Indian rupees (INR) in one year. The exporter expects that the value
An Australian exporter has supplied goods to India and will receive 2 million Indian rupees (INR) in one year. The exporter expects that the value of the INR will depreciate by 22.41% against the Australian dollar from todays spot rate of 0.2735 in one year. How much Australian dollar the exporter will make a loss in percentage (%) due to depreciation of INR after one year? (enter 2 decimal places number with no sign or symbol)
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