Exchange rate exercise
Module activity: Exchange rate exercise
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If you are an exporter from the U.S. and you are selling $1,000,000 value worth product to an importer. You and the importer agree to use the importer’s currency for the payment. Please:
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Record the exchange rate at the beginning of the week
Calculate the expected sale value of this transaction by using the beginning of the week exchange rate
Record the exchange rate at the end of the week
Calculate the expected sale value of this transaction by using the end of the week exchange rate
Compare the two expected sale values and demonstrate whether as an exporter, are you incurring a gain or a loss with the different exchange rates
* You can decide where the importer is from and the importer’s currency.
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