Difference between base currency & counter currency in PPPT & IRPTForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Difference between base currency & counter currency in PPPT & IRPTThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts November 7, 2017 at 8:15 am #414627 DJUIMOMemberTopics: 1Replies: 0☆Dear Sir,Please how do we do to identify the base & counter currency in the PPT formula?How do we also do to identify the Ic & Ib in the IRPT formula? November 7, 2017 at 9:24 am #414649 John MoffatKeymasterTopics: 56Replies: 53850☆☆☆☆☆It depends how the exchange rate is quoted. The base currency (for both formulae) is the one being quoted against.So….if the exchange rate is $/€ 1.20 (i.e. $1.2 = €1) then € is the base currency.If the exchange rate is €/GBP 1.50 (i.e. €1.50 = 1GBP) then GBP is the base currency.I do suggest that you watch my free lectures on this where I explain, with examples.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In