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Currency Futures – Open Tuition Chapter 23 E.g. 8

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Currency Futures – Open Tuition Chapter 23 E.g. 8

  • This topic has 3 replies, 2 voices, and was last updated 12 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 16, 2012 at 11:21 pm #54172
    maypen172
    Member
    • Topics: 7
    • Replies: 16
    • ☆

    Please explain the stages involved in above please. I am stuck/confused on the amounts for spot rate and futures in the answer. How are these calculated please? What does the 0.02 increase represent, 2%? I look forward to your reply.Thank you.

    August 17, 2012 at 6:05 pm #104411
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54659
    • ☆☆☆☆☆

    Have you watched the lectures on this chapter?
    The 0.02 is not a percentage – it is the change in the spot rate.

    August 25, 2012 at 11:25 am #104412
    maypen172
    Member
    • Topics: 7
    • Replies: 16
    • ☆

    Now watched and re-read the lectures and notes and fully understand. Thank you.

    August 27, 2012 at 12:11 pm #104413
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54659
    • ☆☆☆☆☆

    You are welcome 🙂

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