XYZ Ltd is importing goods from overseas.

CIPS L4M5 Question Answer

XYZ Ltd is importing goods from overseas. They prefer to pay their supplier in their own currency. Which of the following is a true statement?

Supplier will receive less if XYZ's currency appreciates

XYZ has an advantage in negotiating discounts if their currency appreciates

XYZ is able to pay less if their currency depreciates

XYZ has to pay more if their currency depreciates

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