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Currency futures price

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Currency futures price

Viewing 2 posts - 1 through 2 (of 2 total)
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  • March 16, 2024 at 2:54 am #703057
    J.Woon
    Participant
    • Topics: 3
    • Replies: 1
    • ☆

    Hi John,

    When calculate the futures prices, you are using the mid-market spot rate. However, the BPP revision kit is using the buy rate or sell rate to calculate it (depends on whether we buy or sell the future)(eg: BPP 2024 version Q32 Nutourne)? Can u advise which one is correct? Thanks. For example, Q32 Nutourne.

    Thanks in advance.

    March 17, 2024 at 8:52 am #703094
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54470
    • ☆☆☆☆☆

    There are arguments for using both but using either is acceptable in the exam. (The final answers ending up different is irrelevant because it is not the final answer that gets the marks 🙂 )

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