- This topic has 1 reply, 2 voices, and was last updated 5 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
dear tutor
when calculate premium charge, why use 0.8711€/$ but not 0.8707?
thanks
The premium is charged in $’s. Therefore they have to buy $’s in order to pay the premium. 0.8711 is the rate when buying $’s. (It cannot be 0.8707 anyway because that would mean paying fewer Euros – it is the bank that benefits from the spread not the company, so it is always the rate that is worst for the company 🙂 )
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.