4. Imagine that you are going to start a new venture of opening a coffee...
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4. Imagine that you are going to start a new venture of opening a coffee shop at an upcoming Mall in Muscat. In order to get the best coffee for your upcoming coffee shop, you want to travel to Brazil and India to source the best coffee beans. You wish to travel to Brazil first and then to India. The Brazilian currency is Brazilian Real (BRL) and the currency for India is Indian Rupee (INR). You have made flight and hotel reservations for Brazil and also shortlisted the traders and their specialities for coffee beans. You wish to spend OMR 15,000 to buy the coffee beans from Brazil. The exchange rate of BRL with regards to OMR is available and you have gathered the following currency rates and exchange commission fees from various sources. Which of the following would be in your best interest if traveling to Brazil on a buying trip with an initial OMR 15,000 for exchange? Currency Exchange Brazil bank rate Brasilia International Airport exchange bureau rate Hotel Fioreze Centro bureau rate Rate BRL 14.54 BRL 14.25 BRL 14,30 Commission 2.25% 2.15% 2.00%
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