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Foreign Exchange Exposure - Illustration 89

AFM

Here...importer requested banker for extension of contract to 10th Aug... But we have taken the fwd rate on 13th Aug for our New contract rate calculation...i.e., 64.25 instead of 64.35... Which one is correct?

Srikanth Srimath Tirumala Peddinti

CA Final

★ 320

09-Mar-23 22:33

239

Answers (2)

Request was made on 13 th June so column 2 data is relevant Because we do not have 13 the august we are using 10th august data In real world we take 10th aug and add forward points for add to 3 Days

Sriram Somayajula

Admin

10-Mar-23 07:53

Sriram Somayajula Admin

Request was made on 13 th June so column 2 data is relevant Because we do not have 13 the august we are using 10th august data In real world we take 10th aug and add forward points for add to 3 Days

Thank you sir...

Thread Starter

Srikanth Srimath Tirumala Peddinti

CA Final

★ 320

10-Mar-23 09:43