Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › currency futures
- This topic has 5 replies, 2 voices, and was last updated 8 years ago by John Moffat.
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- June 1, 2016 at 8:22 pm #318724
good evening
the bpp text lists separate rules if u r paying in US$:
for a dollar payment: Sell now and buy later,
where as for the normal questions we have done in ur lectures, we buy now and sell later in case of payments.
how important is this to know?
regards
June 1, 2016 at 8:33 pm #318732It is important, and what I explain in the lectures is correct 🙂
(Whether or not the BPP text is correct, I have no idea – I would assume that it says the same as I do 🙂 )
June 1, 2016 at 9:44 pm #318747first, thank for the quick reply.. i really appreciate it
the text has a heading that says:
Non-American wishing to pay in us$
and here it says sell/buy own currency futuresthen it has a heading: Making a payment in a foreign currency
and here it says to buy/sell futures of the foreign currencyso rules change.
🙁
June 2, 2016 at 5:45 am #318782But it is not that the rules change. I explain in the lecture that it depends on the contract currency (the currency in which the contract size is quoted).
June 2, 2016 at 4:24 pm #318900thank u…..last minute shakes causing confusion..:)
u will be glad on the 10th..:)
thank u thank u thank for all the questions to come till the 9th!
June 2, 2016 at 6:21 pm #318929You are welcome 🙂
(and yes – on the 10th I will spend all day in bed 🙂 )
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