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Hello Sir
In the answer of this question APPENDICES, part of “receipt invested ” It is used spot cross rates could you please explain how we calculate this ?
furthermore after calculating of spot cross rate of ARD/ JPY 1 0.70-.074 ,It is used lower rate (0.70) for selling the first currecy ( cash of project in ARD to change it to JPY) . This is contrary to the normal rule while selling first currency we must use (higher rate or the rate we receive less of JPY )of 0.74 . Any justification for this ?Thank you
Regards
R.SamiI think that the following previous post of mine will answer your question:
https://opentuition.com/topic/cross-spot-rate/
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