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ı A P h ilip p in e Im p o rte r th a t p u r c h a se d m d is e » o m a fo re ig n fin h ţ FC U (ı

e rc h a n b re rg n c u r me n cy u n t)
w ou ld b e e x p o s e d to a n e t n th e u n p a id b a ln n c e IF t\m
a pe s o w e a k e n e d re la tiv e to th e F C U a n ? th e F C U w iı s th e d e n o m in a te d c u r re n cy ,

w e a ke n e d r e la tiv e to th e FC U a n d th e p e so w a s th e d e n o m rrta tr d c w r c n c il
衣 p e so
pe s o s m n g th e n e d re la tı v e to th e F C U a n d th e F C U w a s th e
d c n o m ln a te d c u n e n c y
s tr e n th e n e d r e la tN e to th e F C U an d t e p
h e s o w a s M a d e n o m rn a te tıc u r ro n c y
p es o g

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2 The e x c ha ng e r a te s b e tw e e n th e F C U (fo r e ig n c tł
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Ju l 1 ] FC U = P 7 3
A U S 1 : 1 F C U = P 79
S e p 1 1 FC U = P 8 3
T h ls c h a rt s h o w a
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i f FC U t b u y fo r e ig n g o o d s
w e a k e n in g FC U w h ic h m a k e s ı t le s s e x p e s
n v e o r o

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f
w e a k e n in g F C U w h ic h m a k e s it m o le e x p e n s ıv e o p e
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o r lo ss e s o n d e n v a tiv e In s t u m e n s p H a r to th e o c c u rr e r« ￠
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b p u t o p o o n is In th e m o n e y w e ı
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