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Siam Cement suffered enormous losses during the Asian currency crisis in 1 9 9 7 . When the Thai Baht was devalued from B 2
Siam Cement suffered enormous losses during the Asian currency crisis in When the Thai Baht was devalued from B$ Siam's interest payments were over $ million on its outstanding dollar debt with an average interest rate of on its US dollar debt at that time Assuming Siam took out $ million in debt in June and at interest, and had to repay it in one year when the spot had risen to B$ what was the foreign exchange loss incurred on the transaction?
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