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June 2014 Q1 part (a)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › June 2014 Q1 part (a)

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.
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  • November 19, 2014 at 10:51 pm #211476
    Romanus
    Member
    • Topics: 7
    • Replies: 6
    • ☆

    A payment of US$ 5,060,000 is due in 4 Months. I thought this was similar to Example 11 of the OpenTuition tutorials on Currency Futures except that in this case the Spot rate on the date of the transaction is not given. Therefore estimating the Futures amount to calculate any profit or loss is impossible.
    If I wish to follow the method taught during the tutorials, how do I determine the spot rate and the Futures rate in 4 months time to calculate the payment and any profit or loss as well as the rate to use when converting the profit or loss into CHF?

    November 20, 2014 at 4:22 pm #211651
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54762
    • ☆☆☆☆☆

    You have asked this question twice, and I have just answered your other post of it 🙂

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