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Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › Mid market spot rate or basis calculation from opentuition notes
HEY THERE
In open tution notes, chap 18 question 10 and 11, can anyone please tell me how is the mid market spot rate calculated..i tend to mess that part of the question only!!!!
pleaseee helppp
(Bid rate + Ask rate)/2
Example 10 July mid-spot = (1.505 + 1.515)/2 = 1.51
oohhhh its just dat simmple!!! thank you so much!!1
The mid-spot rate is used in rough estimate only. In P4, the examiner usually challenges you to choose between bid and ask rates correctly. You must rain yourself to spot a correct rate quickly. Many students lose their previous time to struggle among numbers of rates in examination. Assuming that there are 5 pairs of rates in the question. If you just need to use 1 minute to think on each rates, you already waste 10 minutes there.