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Confused on using buying or selling rate for currency conversion

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Confused on using buying or selling rate for currency conversion

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  • July 25, 2016 at 10:20 pm #329105
    twilight1987
    Participant
    • Topics: 11
    • Replies: 14
    • ☆

    Hi, I am quite confused about which rate I should use while currency conversion. Sometimes buying rate is used and sometimes selling rate is used. Pls help me if there is any tip about choosing buying or selling rate for currency conversion.thanks

    July 26, 2016 at 6:54 am #329130
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54513
    • ☆☆☆☆☆

    Best is to watch my free lectures on foreign exchange risk management.

    I do spend time at the beginning of the first of the lectures explaining how and why to choose the relevant rate for converting.

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