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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › OpenTuition Study Text – Chapter 19, example 3
Dear John,
Is the exchange rate of 1.4850 in the example 3 correct to exchange the premium of USD 8,250 to GBP? I would use 1.4870 as I am actually “selling USD” to buy GBP, correct?
Thanks,
Margarita
Dear John,
Never mind… I was correct, sorry. Just getting nervous just before the exam
I meant “it was correct”, sorry
No problem 🙂