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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Home Currency and Foreign currency
How do we identify the home currency and Foreign currency in Foreign exchange risk?
The home currency is the currency against which the other currency is being quoted.
So if, for example, the quote is $1.50 = £1, the £ is the home currency,
I do explain this in my free lectures on the forecasting of exchange rates,
Thank you sir!!
You are welcome 🙂