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Forums › Ask CIMA Tutor Forums › Ask CIMA F3 Tutor Forums › Exchange rates
Could we be given questions in the exam that test our knowledge of exchange rates? Not how to read an exchange rate or how to use them in interest rate parity questions for example but what the realistic rates would be? So, for example I just checked and 1 GBP = 1.14182 EUR, am I expected to know that it will be roughly around this level and know if a rate is very unrealistic? If so, which exchange rates would I need to know? I’d probably spot if pounds against Euros were wrong, or pounds against dollars but I know I wouldn’t spot any others.
Hi,
It will be clear in the exam and through working the questions in the revision kits, which way the currency is quoted.
Thanks