casasophia june 11

hi sir
there seems to be a conflict.
in the question, we are receiving $20m. using the forward rate, we will be selling dollars to buy euros so, well use the selling rate , thus 20m/1.3623, no problem.

but now in part b, we where converting mshs 2,640,000,000 to euros. it means we are selling mshs to buy euros, we should use the selling rate rate to convert but apparently the buying rate was used in the prediction of 6 months spot rate and also the other aspect, what will be worse for us since we dividing we should use the bigger number as that will give a smaller amount of euro it means we should have still used 128 to predict not 116