• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

BPP Mock Exam 3 Question 16 on money market hedging

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › BPP Mock Exam 3 Question 16 on money market hedging

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 26, 2018 at 9:12 pm #486049
    shanekenno
    Participant
    • Topics: 3
    • Replies: 3
    • ☆

    Hi John,

    I have watched your videos on money market hedging and the exchange rates which i believe i am pretty good at answering them and have a good understanding but i have just done a mock exam and unfortunately i have got this question wrong but the answers dont seem to help.

    my calculations were:

    Borrow 12m dinars @ 1.04% (Six month Interest rate) = 11,538,462
    Convert to $ at spot which is above @ 57.52 = 200600
    Deposit @ dollars @ 1.005% = $199601

    I look forward to your reply.

    Regards,

    Shane

    November 27, 2018 at 8:31 am #486102
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54679
    • ☆☆☆☆☆

    You have made a mistake in the last line of your workings.

    They are depositing $200,600 at interest of 0.5%, and therefore the amount will have grown after 6 months to $200,600 x 1.005 = $201,602

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis
  • acowtant on Changes in group structure – examples – ACCA SBR lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in