The CEO of the company you work for ran into your office frantic about all...
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Accounting
The CEO of the company you work for ran into your office frantic about all the negative foreign currency exchange rate fluctuations headlines they read about in the morning paper. We just purchased equipment from Switzerland for 140,000 francs on December 16th, with payment due February 14. Im afraid we will end up having to pay much more than we originally anticipated. Is there anything we can do? The spot rate at the time of the transaction was Sfr 1 = $ 0.68
Please advise.
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