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Home Currency and Foreign currency

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Home Currency and Foreign currency

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 14, 2021 at 2:01 pm #627710
    Christie9693
    Participant
    • Topics: 32
    • Replies: 12
    • ☆

    How do we identify the home currency and Foreign currency in Foreign exchange risk?

    July 14, 2021 at 3:21 pm #627724
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54675
    • ☆☆☆☆☆

    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,

    July 14, 2021 at 4:39 pm #627732
    Christie9693
    Participant
    • Topics: 32
    • Replies: 12
    • ☆

    Thank you sir!!

    July 15, 2021 at 7:03 am #627796
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54675
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Home Currency and Foreign currency’ is closed to new replies.

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