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You have a business based in Vietnam that has just exported a product to a buyer in Thailand. The invoice for this sale is denominated

You have a business based in Vietnam that has just exported a product to a buyer in Thailand. The invoice for this sale is denominated in Vietnamese dong and must be paid in

60

days. That is

,

your customer will pay you in Vietnamese dong.

Given this arrangement, what is the exchange

-

rate risk you face as an exporter?

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