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Tyson Foods, a U.S.-based MNC, will receive 180 million Swedish krona on December 1. It is now September 1. Tyson Foods has negotiated a non-deliverable
Tyson Foods, a U.S.-based MNC, will receive 180 million Swedish krona on December 1. It is now September 1. Tyson Foods has negotiated a non-deliverable forward contract with its bank. The reference rate is the Swedish krona's closing exchange rate (in \$) quoted by Sweden central bank in 90 days. The Swedish krona's spot rate today is $0.091. If the rate quoted by Sweden central bank on December 1 is $0.093, Tyson Foods will be paid; 36,000 pay; 36,000 be paid; 360,000 pay: 360,000
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