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John Moffat.
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Lucas.acca
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Does $/Euro 1.5 same as Euro1.5/ dollar? Normally what i learnt from past year questions was Euro 1.5/ dollar, where the euro is foreign currency and dollar is home currency. Is it possible examiner change the way of the question? This really make me confused!!!!!!!!!!
John Moffat
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If the examiner gives an exchange rate as $/€ 1.5, then it means that 1.5 $’s is equal to 1 €.
Whether the company works in $’s or €’s if of no relevance whatsoever in the way the exchange rate is quoted.
I do suggest that you watch the first of my free lectures on foreign exchange risk management, because I spend time (with examples) explaining how exchange rate are quoted in the exam.
Lucas.acca
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