Example 1: Suppose Global Corporation Ltd sells merchandise on open account to a Belgian buyer for 1,800,000, and payment is to be made in 60 days. If the current exchange rate is $1.2000/, you are required to determine: a) What is the likely transaction exposure to the chance of loss or gain for Global Corporation where the euro weakens to $1,1000/? b) What is the likely transaction risk arising If the euro strengthens to $1,3000/1 c) Advise Global Corporation Ltd on the effects of this transaction