Forex Spread problemForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Forex Spread problemThis topic has 1 reply, 2 voices, and was last updated 12 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts May 2, 2012 at 10:17 pm #52466 mainiexeParticipantTopics: 4Replies: 5☆Q 46 NedwenSpot rate and forward rates are given…with + margins they are assumed “Bid’Q 48 Omani Inc.In the same way Spot and forward rates are mentioned and this is assumed to be “Offer”.So, how to distinguish which price is given if there is only one price mentioned in the question.As far as concern of the fact that “the bank never loses”, can be obtained by adding and substracting + the margin into it.But how to know whether it is Bid/Offer first of all. May 5, 2012 at 9:44 am #97057 John MoffatKeymasterTopics: 57Replies: 54628☆☆☆☆☆If there is only one rate given in a question (i.e. no spread) then you use the same rate whichever way you are converting (i.e. the same rate for bid and for offer).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