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Washi co September 2018

MHMohammed hashim7y ago
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 this
John MoffatJohn MoffatTutor7y ago#1
See my explanation here: https://opentuition.com/topic/sep-2018-2/