Question
xyz is an importer has to pay 1 million MXN (Mexican peso) Say spot exchange rate are quoted as under INR/USD = 74.1000 / 74.2340
xyz is an importer has to pay 1 million MXN (Mexican peso)
Say spot exchange rate are quoted as under
INR/USD = 74.1000 / 74.2340
GBP//USD = 0.6120 / 0.6190
MXN/GBP = 10.3420 / 10.9820
How much INR the company has to pay to get 1 million MXN
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Financial Management Principles And Practices
Authors: Sudhindra Bhat
2nd Edition
8174465863, 978-8174465863
