PPPTForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › PPPTThis topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts May 25, 2019 at 7:43 am #517257 ShahariaParticipantTopics: 14Replies: 10☆Dear sir,In Mar/June’17 question no 2.b why the spot rate is calculated by the following formula .1430*(1.06/1.03) instead of 0.1430*(1.03/1.06) as the eurozone should be considered as the base currency, isn’t it?Thank you May 25, 2019 at 10:28 am #517281 John MoffatKeymasterTopics: 57Replies: 54448☆☆☆☆☆The exchange rate is quoting the € against $1, and therefore Hb is the dollar (Wirtonia) inflation rate, and Hc is the eurozone inflation rate.It may help you to watch my free lectures on this.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