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You are a U.S. exporter of soybeans and have just received an order from the U.K. You will deliver soybeans today to the buyer in
You are a U.S. exporter of soybeans and have just received an order from the U.K. You will deliver soybeans today to the buyer in the U.K. and receive a payment of 100,000 in one year. You are concerned about the dollar proceeds you will receive from this foreign sale in one year but decide not to take any action about it. In one year, the spot rate happens to be $1.70/. What will be the total dollar proceeds from this sale then? Enter the numeric portion of your answer only.
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