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Business, 27.06.2019 07:20 etiryung

Jerber electronics inc. sold electrical equipment to a dutch company for 68,000 guilders (g) on may 14, with collection due in 60 days. on the same day, jerber entered into a 60-day forward contract to sell 68,000 guilders at a forward rate of g1 = $0.557. the forward contract is not designated as a hedge. jerber's fiscal year ends on june 30. the forward rate on june 30 for an exchange on july 13 is g1 = $0.524. the spot rates follow:

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