Currency futures

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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February 26, 2016 at 12:47 pm #302161
hermine
Member
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Dear John,

I see your video on CMC Co June 2014.
You use the futures price to calculate the number of futures.
But in the exam kit the answer uses th lock-in-rate.
Whch one is correct?
February 26, 2016 at 3:16 pm #302194
John Moffat
Keymaster
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Either is acceptable in the exam, although the futures price is actually the better one to choose.
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