Dear sir,
I jus don't understand the concept of exchange rates, is there any simpler way way? I jus dont get it right what rate to use when buying or selling... and if we multiply or divide the rate ?
Please help
Ask the Tutor ACCA AFM
Exchange Rates
Have you watched my free lectures on this? I go through how to decide which rate to use in the first of the lectures on foreign exchange risk management.
(Sorry, but please change your logo - the ACCA complains when they see people using their logo, because they have copyright :-) )
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