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HEY THERE
In open tution notes, chap 18 question 10 and 11, can anyone please tell me how is the mid market spot rate calculated..i tend to mess that part of the question only!!!!
pleaseee helppp
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(Bid rate + Ask rate)/2
Example 10 July mid-spot = (1.505 + 1.515)/2 = 1.51- Topics: 0
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The mid-spot rate is used in rough estimate only. In P4, the examiner usually challenges you to choose between bid and ask rates correctly. You must rain yourself to spot a correct rate quickly. Many students lose their previous time to struggle among numbers of rates in examination. Assuming that there are 5 pairs of rates in the question. If you just need to use 1 minute to think on each rates, you already waste 10 minutes there.
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