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Back in 2019, First Food Distribution Sdn Bhd, a Malaysian company, had an inventory in Singapore worth SGD1.5 million. The exchange rate of SGD/MYR at
- Back in 2019, First Food Distribution Sdn Bhd, a Malaysian company, had an inventory in Singapore worth SGD1.5 million. The exchange rate of SGD/MYR at the time was 1 Malaysian Ringgit for 0.3023 Singaporean dollars. The inventory is still in Singapore and is worth the same amount in Singaporean dollars. Today the exchange rate is 1 Malaysian Ringgit for 0.3275 Singaporean dollars. What is First Food Distribution's inventory gain or loss in home currency due to FX fluctuations?
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