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Business, 15.04.2021 18:10 shimmerandshine1

Ford purchased electric motors from Nidec (Japanese company) and was billed ¥200 million payable in three months. Two companies agree to share the currency risks. In the Price Adjustment Clause, the neutral zone is ¥115.38/$ - ¥129.42/$, the base rate is ¥122.4/$ and both parties will share the currency risk beyond a neutral zone. How much each party have to pay/receive if the exchange rate is ¥111.42/$

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