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Hi, for BPP Revision Kit (AFM), Q. 39 Nutourne (Dec 18), please may I know what is the meaning of the exchange rates in spot “1.0292 – 1.0309”? How to determine which one (left figure or right figure) to use when performing calculation?
Thank you.
Exchange rates are always quoted as a spread depending on which way the currency is being exchanged.
This is all explained in my free lectures on foreign exchange risk management.
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