Exchange Rate Gain or Loss

A) Suppose your company has an international operation. Last month, when the exchange rate between the US Dollar and Japanese Yen was 130.00, your compnay contracted to purchase inventory from a Japanese company for Y 13,000,000 payable in 30 days in Japanese currency. This month the exchange rate is only 125.00. Calcualte, if any, your company’s gain or loss due to the exchange rate fluctuation.

b) Last month, your company sold some merchandise to a Mexican customer for MP 33,750,000. The exchange rate at the time was 225.00 You just received the pesos due, but the exchange rate now is 240.00. What is, if any, your company’s gain or lose in this transaction?

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