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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Swaps
hello sir , is there a lecture of yours on foreign exchange swaps?
Not specifically – no.
The reason is that although the reasons for having a foreign exchange swap are written in the lecture notes, calculations have only been asked for in the exam twice, and when they have been asked they have really been interest rate swaps (for which there is a lecture). The only extra work involved has been converting the interest payments and the repayment of the principal from one currency to the other, and the conversion rates agreed between the two parties have always been given.