[Jul 10, 2023] CIMA CIMAPRA19-F03-1 Exam Dumps Files, Q1/131: Company A is based in country A with the AS as its functional currency. It expects to receive BS20 million

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Question 1/131

Company A is based in country A with the AS as its functional currency. It expects to receive BS20 million from Company B in settlement of an export invoice.
The current exchange rate is A$1 =B$2 and the daily standard deviation of this exchange rate = 0 5% What is the one-day 95% VaR in AS?

A. A$822,500

B. A$164,500

C. A$82,250

D. A$50,000

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