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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Currency Futures – Open Tuition Chapter 23 E.g. 8
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.
Have you watched the lectures on this chapter?
The 0.02 is not a percentage – it is the change in the spot rate.
Now watched and re-read the lectures and notes and fully understand. Thank you.
You are welcome 🙂