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Aww 10 points As the chief financial officer of Blades plc Ben Holt is pleased that his current system of exporting Speedos to Thailand seems

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Aww 10 points As the chief financial officer of Blades plc Ben Holt is pleased that his current system of exporting Speedos" to Thailand seems to be working well. Blades primary customer in Thailand a retailer called Entertainment Products, has committed itself to purchasing a floved rumber of Speedos annually for the next three years at a fixed price denominated in baths currency. Furthermore, Blades is using a Thal supplier for some of the components needed to manufacture Speedos. Nevertheless, Holt is concerned about recent developments in se Foreign investors from various countries had invested heavily in Thailand to take advantage of the high interest rates there. As a result of the weak economy in Thund, however, many foreign investors have lost confidence in Thailand and have withdrawn their funds. In addition, inflation has been relatively high in Thailand Ben Holt has two major concerns regarding these developments. First, he is wondering how these changes in Thaland's economy could affect the value of the Thai baht and Consequently Blades. Second, Holt believes that Biades may be able to speculate on the anticipated movement of the baht, but he is uncertain about the procedure needed to Bocomplish this. To facilitate Holt's understanding of exchange rate speculation, he has asked you, Blades financial analyst, to provide him with detailed illustration. Hold is assuming the bant would move from a current level of 0.0147 to 0.0130 within the next 30 days. Based on Hoit noods, he has provided you with the following list of questions to be answered: 1. How are percentage changes in a currency's value measured? lustrate your answer numerically by assuming a change in the Thai baht's value from a value of 0.0147 to 10.0133

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