b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)Interest rate sensitivityThefollowingtabledemonstratesthesensitivitytoareasonablypossiblechangeininterestratesonthatportionofloansandborrowingsaffected.Withallothervariablesheldconstant,theGroupsprofitbeforetaxisaffectedthroughtheimpactonfloatingrateborrowings,asfollows:(x US$ 1) Increase / decrease Effect on profit before tax in basis points Corporate term loan2020US dollar +60 (3,225)-60 3,2252019US dollar +60 (3,600)-60 3,600Foreign currency risk TheGroupmanagestradetransactionsbyoffsetting local payments and local receivables Foreign currency risk is the risk that the fair valuein SRD creating a natural hedge for the SRD orfuturecashflowsofanexposurewillfluctuate transactions.because of changes in foreign exchange rates. TheGroupsexposuretotheriskofchangesin Thefollowingtabledemonstratesthesensitivityforeign exchange rates relates primarily to theto a reasonably possible change in US$ and GroupsoperatingactivitiesofsubsidiaryGOw2 SRD exchange rates with other variables held (as revenues and expenses are denominated in aconstant.TheimpactontheGroupsprofitbeforeforeign currency) and the foreign currency swaptaxisduetochangesinthefairvalueofthenonagreement(refertoSection6.4). designated foreign currency derivatives.Sensitivity analysis:( x US$ 1,000) Change in US$ rate Effect on profit before tax2020 5%153 -5%(153)2019 5% 458-5% (458)142 STAATSOLIE 2020 ANNUAL REPORT'