Assume that your team decided not to hedge F. Mayers currency exposure. What are your import costs in local currency under Scenario 1

a) if the exchange rate (bid-ask) remains at 0.62/A$ - 0.63/A$? Lets call this the baseline case. b) if the investors consider the Euro a safe haven currency during the pandemic? How does this compare to the baseline case?

c) if the investors consider the Australian dollar a safe haven currency during the pandemic? How does this compare to the baseline case?