MJY 12/05Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › MJY 12/05This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts May 26, 2015 at 4:53 pm #249264 aishaasadMemberTopics: 159Replies: 185☆☆☆ MJY is supposed to pay in three months time .here the over hedged amount are converted at higher rate so they are treated as receipts how? Thank you May 26, 2015 at 5:28 pm #249295 John MoffatKeymasterTopics: 56Replies: 53823☆☆☆☆☆Because they have over hedged they are forced to convert more than they actually need for the payment.So the extra has to be converted back at spot (at the higher rate because they are selling the other currency to convert it back).AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In