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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › interest rate futures
in the textbook, it says that
the basis for a currency futures contract was defined as :
” spot rate – future price ”
i’m not sure why there is a dash ( – ) between spot rate and future price. Does it mean that spot rate will soon become future price ?
It is not a dash, it is a minus sign!!
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