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OpenTuition Study Text – Chapter 19, example 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › OpenTuition Study Text – Chapter 19, example 3

Viewing 4 posts - 1 through 4 (of 4 total)
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  • September 9, 2021 at 2:33 pm #635117
    ivanovrita86
    Participant
    • Topics: 16
    • Replies: 23
    • ☆

    Dear John,

    Is the exchange rate of 1.4850 in the example 3 correct to exchange the premium of USD 8,250 to GBP? I would use 1.4870 as I am actually “selling USD” to buy GBP, correct?

    Thanks,
    Margarita

    September 9, 2021 at 2:44 pm #635121
    ivanovrita86
    Participant
    • Topics: 16
    • Replies: 23
    • ☆

    Dear John,

    Never mind… I was correct, sorry. Just getting nervous just before the exam

    September 9, 2021 at 7:32 pm #635190
    ivanovrita86
    Participant
    • Topics: 16
    • Replies: 23
    • ☆

    I meant “it was correct”, sorry

    September 10, 2021 at 8:08 am #635244
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    No problem 🙂

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Viewing 4 posts - 1 through 4 (of 4 total)
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