Following are the details of cash ? Inflows and outflows in foreign currency denominations of MNP Co.
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Question:
Following are the details of cash ? Inflows and outflows in foreign currency denominations of MNP Co. Indian export firm, which have no foreign subsidiaries:
Currency Inflow Out flow Spot rate Forward rate
USS 4,00,00,000 2,00,00,000 48.01 48.82
French France (FFr) 2,00,00,000 80,00,000 7.45 8.12
U.K. 3,00,00,000 2,00,00,000 75.57 75.98
Japanese Yen 1,50,00,000 2,50,00,000 3.20 2.40
Determine the netexpected gain or loss of each foreign currency in terms of Rupees.
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