CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 60 Discussion

A business based in Country

A. agrees to buy a software package from a company based in Country O tor 20.000 Country O dollars 12 months time. At the time of the contract the exchange rate was 1 O dollar (0$) to 1.5 Country A pounds (A). When payment ism Rate is O$1 to A1 4.

What is the exchange rate gain (+) or loss (-) made by the Country A business?

Give your answer to a whole number.