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Risk managment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Risk managment

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • October 23, 2018 at 4:34 pm #479578
    asmaalhemairi
    Member
    • Topics: 28
    • Replies: 22
    • ☆☆

    Sir ,

    In CC Co question which is in Kaplan revision kit , they mentioned a spot rate of 0.70 €/$ . The requirement was to calculate money market hedge and forward rate . But my concern is ( does they mean 0.70€ = 1 $ , beacuse when they convert the amount of the machine €1.5 into $ they divided it rather than multiplying by the rate.

    Please assist
    What the exchange rate if written as above means , is it like what i understood 0.70€ = 1 $ Or the way around and if i was correct why they divide rather than multiplying when converting from € to $

    October 23, 2018 at 4:48 pm #479586
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51529
    • ☆☆☆☆☆

    You must watch my free lectures, because I spend time in the lectures (with examples) making it very clear how to use the exchange rates.

    The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well. I cannot type out all my lectures here 🙂

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