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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Confused on using buying or selling rate for currency conversion
Hi, I am quite confused about which rate I should use while currency conversion. Sometimes buying rate is used and sometimes selling rate is used. Pls help me if there is any tip about choosing buying or selling rate for currency conversion.thanks
Best is to watch my free lectures on foreign exchange risk management.
I do spend time at the beginning of the first of the lectures explaining how and why to choose the relevant rate for converting.