Australia-based MNCs invoicing in Asian currencies and incurring expenses in Asian currencies

Australia-based MNCs invoicing in Asian currencies and incurring expenses in Asian currencies will probably be less affected by weakness in Asian currencies than Australia-based MNCs that invoice in Asian currencies but do not incur expenses in those currencies.

True or False

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Expert Solution

The given statement is TRUE because Australia based multinational corporation which is invoicing in Asian currency and also incuring expenses in Asian currency will always be having a benefit because it will also have payable in Asian currency which will be decreasing with the weakness of the Asian currency and only those companies which are Australia based multinational corporation that have receivables will face more heat.

Given statement is TRUE.

jeff jeffy answered 2 years ago

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