Answered: BID RATE ASK RATE 126.0033PHP/OMR…

BID RATE ASK RATE 126.0033PHP/OMR 126.4270PHP/OMR If an importer wants to convert OMR 1,000,000 against PHP , how much amount will he receive?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter8: Securities Law Considerations When Obtaining Venture Financing

Section: Chapter Questions

Problem 1cM

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Concept explainers

Exchange Rate Risk

It is the possibility that the value of a currency will fluctuate in the future. In the wake of globalization, business establishments have increasingly ventured into international markets. The volume of international trade has prospered excellently in the near past and is expected to be more affluent in the future. The use of exchange-traded derivative financial instruments has been multi-folded to provide for the requirements of various MNCs and offshore potential investors. Most banks and financial institutions have helped integrate the global economies. Our Government has introduced some bold and extreme measures to fulfil the purpose behind the fiscal, industrial, and monetary policies. The enactment of GST is a huge step towards streamlining the taxation system of the country. Owing to Covid-19, this aspect of corporate risk management has become critical.

Question

BID RATE	ASK RATE
126.0033PHP/OMR	126.4270PHP/OMR

If an importer wants to convert OMR 1,000,000 against PHP ,

how much amount will he receive?

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