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An Australian fruit exporter has delivered apples to India and will receive 2 million Indian rupees (INR) in one year. The exporter expects that the
An Australian fruit exporter has delivered apples to India and will receive 2 million Indian rupees (INR) in one year. The exporter expects that the value of the INR will appreciate to 0.2976 against the Australian dollar from todays spot rate of 0.2183 in one year. How much Australian dollar the exporter will make a profit or loss due to appreciation of INR after one year? (enter the whole number with no sign or symbol)
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