Putro Limited purchases a proportion of its raw materials from the US. Putro receives invoices from its US suppliers in USDs (US$) although its primary functional currency is deemed to be Euro (). Putro does not hold a USD bank account and therefore all monies paid are transferred from the Putros Euro bank account.

On 31st August 2021 a purchase is made from one of Putros US suppliers for US$ 230,000. In accordance with the agreed terms and conditions of the purchase, a payment of US$ 100,000 was paid to the supplier on 30^th November 2021, and the balance of the monies due was paid on the 15th January 2022.

Round figures to the nearest 000s.

Relevant exchange rates:

31st August 2021 1 = US$ 1.10

30th November 2021 1 = US$ 1.12

31st December 2021 1 = US$ 1.20

15th January 2022 1 = US$ 1.25

What is the total foreign exchange gain/loss associated with the above purchase in the financial statements of Putro Limited for the year ending 31 December 2021? Show your workings and round to the nearest whole number.

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