27 March 2011
How to determine whether ask/Bid rate is applicable to a transaction??can u explain with regard to the question below?? u export goods worth yen 10000,@yen 3.5=Re.1 & covered yourself in forex market on the same day,wen exchange rates wer:$=yen 144-155.Local inter market rates for $ wer spot $ = Re.40.50-40.60.Calculate cover rate 7 ascertain the profit or loss in the transaction.
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