Currency Futures – Open Tuition Chapter 23 E.g. 8Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Currency Futures – Open Tuition Chapter 23 E.g. 8This 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)AuthorPosts August 16, 2012 at 11:21 pm #54172 maypen172MemberTopics: 7Replies: 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 MoffatKeymasterTopics: 57Replies: 54635☆☆☆☆☆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 maypen172MemberTopics: 7Replies: 16☆Now watched and re-read the lectures and notes and fully understand. Thank you. August 27, 2012 at 12:11 pm #104413 John MoffatKeymasterTopics: 57Replies: 54635☆☆☆☆☆You are welcome 🙂AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In