Case-in-brief - Argentina Currency Devaluation Your company is currently operating in Argentina. Management is concerned to what extent the Argentine peso will be devalued. It wants to examine two scenarios: one where the currency drops 14% and one where it drops 26%. Currently, the exchange rate is 94 pesos (ARSS 94) to 1 US dollar (USS1). Contribution after marketing in Argentina was 21% of sales (see Exhibit). Your goal is to maintain this percentage. Exhibit: Argentina Contribution after Marketing (ARSS Argentine Pesos) QUESTION 1 How would the devaluation of the Argentine peso (ARS\$) affect your contribution in the home currency (US\$)? Current contribution in USD (home currency): USD Million Contribution in USD after 14% drop: USD \$ Millions Contribution in USD after 26% drop: USD : Million