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currency futures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › currency futures

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • November 25, 2015 at 9:30 am #285127
    tasvitswa
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    i can’t figure out how to estimate the futures closing price using the basis risk approach….do we ADD or SUBTRACT the unexpired basis risk to the current future price, how do we do that?

    November 25, 2015 at 11:05 am #285148
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51571
    • ☆☆☆☆☆

    If the current futures price is higher than the current spot, then it will always be higher (and vice versa) – the two will just get closer together. That is the only way of knowing whether to add or subtract.

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