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The following are the net currency positions of a Thai Fl (stated in Thai baht). Currency U.S. dollar British pound Japanese yen Assets 24,600,000 31,000,000
The following are the net currency positions of a Thai Fl (stated in Thai baht). Currency U.S. dollar British pound Japanese yen Assets 24,600,000 31,000,000 10,200,000 Liabilities 70,000,000 20,400,000 9,800,000 FX Bought 170,400,000 250,000,000 8,000,000 FX Sold 321,000,000 220,000,000 10,800,000 The Fl is net (long / short) in the Japanese yen and therefore faces the risk that the (rise / fall) in value against the Thai baht. Japanese yen will
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