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Hello,
When attempting questions from past papers and BPP revision kit, unless explicitly specified, I am unable to correctly identify the base country. Can someone please help me out with this? Thank you!
It is the country against which the other currency is being quoted.
So, for example, if the exchange rate is quoted as 1.50 USD to 1 UK Pound, then the UK is the base country.
If the exchange rate is quoted as 0.86€ to 1 USD, then the US is the base country.
Have you watched my free lectures on the forecasting of exchange rates? The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.
I understand. However, when solving the question from the revision kit- they have used the spot exchange rate as 1.5 Dinar/ 1$. In the question however, they use the base country currency as ‘Dinar’ which has been confusing me.
If you mean the BPP Revision Kit, then tell me the number of the question.
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