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HELP PLEASE……. Currency Brain ache

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    • Avatar of cs_1988cs_1988
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        21 Apr 2017 at 4:26 pm
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        If any one is on Mock 2, book 1 = In question 3 it lists exchange rates, and the whole question assumes the USD is depreciating.

        FX CAD/USD = 1.48 in 07
        FX CAD/USD = 1.37 in 08 – Surely the dollar is appreciating/strengthening???

        Thanks in advance

      • Avatar of cs_1988cs_1988
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          21 Apr 2017 at 4:26 pm
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          and Schweser, lol!

        • Avatar of Alta12Alta12
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            21 Apr 2017 at 4:42 pm
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            USD depreciated. the quote is always based on the base currency in this case USD.

          • Avatar of cs_1988cs_1988
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              21 Apr 2017 at 4:26 pm
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              Morning paper!

            • Avatar of cs_1988cs_1988
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                21 Apr 2017 at 4:50 pm
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                of course. It had got to the point where i couldn’t see how it was right lol. Thanks…. Hopefully it won’t happen on the exam!

              • Avatar of vincenttvincentt
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                  • CFA Level 3
                  21 Apr 2017 at 4:44 pm
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                  @alta12 is right, the logic is that previously you would need $1.48 CAD to buy a dollar, but now you only need $1.37 CAD to buy a dollar, clearly the dollar is cheaper now.

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