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Hello jhon
I have a small doubt regarding washi co
Here it is we found the exchange rate between Ard and yen
It’s 0.70-0.73 / i¥
We receive cash flows in the Ard so as we are in Japan we convert Ard to yen, so when we approach the back to sell the Ard , then bank tells us give me 0.73 Ard and I’ll give you 1 ¥ is this logic correct? If so then why did we take 0.70 Ard as the exchange rate ?? Please please please please jhon help me out with thisSee my explanation here:
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