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Buryecs Co, Q3 March/June '17

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Buryecs Co, Q3 March/June '17

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 26, 2018 at 6:40 pm #439091
    ibeekay
    Member
    • Topics: 5
    • Replies: 6
    • ☆

    Dear Mr John,

    In my previous calculations using purchasing power parity formula, i normally use the based country’s inflation rate as my denominator and the country to borrow or receive from as my numerator and i have always gotten it right.

    But in the case of Buryecs co, which is base in the Eurozone and to operate a franchise in Wirtonia, I used the same method and found that the examiner did a reverse.

    Kindly clarify this for me. Thanks.

    February 27, 2018 at 8:35 am #439159
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    The ‘base’ currency (as I explain in my lectures) is the currency against which the other currency is being quoted.

    So here, the exchange rate is quoted as €0.1430 = $1, so for the purposes of PPP, the $ is the base currency.

    February 27, 2018 at 9:17 am #439173
    ibeekay
    Member
    • Topics: 5
    • Replies: 6
    • ☆

    Many thanks for the clarification. i now understand.

    February 27, 2018 at 9:18 am #439174
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Buryecs Co, Q3 March/June '17’ is closed to new replies.

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