looking to get back into trading, page-31

KennethG

Rereading my last post, I realise that whilst correct it may be misleading.

Let me try this your way;
You start by saying:
Oil is US$100
The A$ is 80c to the US$
OK so far, but
having received the goods the buyer transfers US$100 into the sellers bank account in Australia.
The bank applies the currency exchange rate, crediting the sellers account with A$80 (not A$125).
When the A$ is at parity, the bank will credit A$100 to the sellers account.


Cheers
Sandminer