Foreign Exchange Rate Numerical
GBP1 =BSD 1.38478 SELLING BSD 1.38498 BUYING Local inter bank market rates for GBP were Spot GBP 1 = INR Rs. 103.087 SELLING INR Rs. 103.289 BUYING Calculate cover rate and ascertain the profit and loss in the transaction. Ignore Brokerage. Solution: Cross Over Rates Indian Rupee-GBP Selling Rate INR Rs. 103.289 Bahamian Dollar – … Read more