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For an airline operating in Venezuela for several years, if the firm has accrued earnings of $750 million (USD) at an exchange rate of 6.3
For an airline operating in Venezuela for several years, if the firm has accrued earnings of $750 million (USD) at an exchange rate of 6.3 bolivars per dollar, what is the impact if the airline now repatriates the total funds to the U.S. at the Venezuelan government's official rate of 50 bolivars per dollar.
roughly a loss of $656 mm
roughly a loss of $4.7 billion
no loss to the U.S. firm
roughly a gain of $94mm
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