› CFA › CFA Level 2 › HELP PLEASE……. Currency Brain ache Search for:Search Button CFAFRMCAIACareersLounge GeneralLevel 1Level 2Level 3 HELP PLEASE……. Currency Brain ache Add A Reply Login Sign Up This topic has 5 replies, 3 voices, and was last updated Apr-174:50 pm by cs_1988. Author Posts cs_1988Participant 21 Apr 2017 at 4:26 pm Up0Down:: 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 cs_1988Participant 21 Apr 2017 at 4:26 pm Up3Down:: Morning paper! cs_1988Participant 21 Apr 2017 at 4:26 pm Up4Down:: and Schweser, lol! Alta12Participant 21 Apr 2017 at 4:42 pm Up4Down:: USD depreciated. the quote is always based on the base currency in this case USD. vincenttParticipant CFA Level 3 21 Apr 2017 at 4:44 pm Up1Down:: @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. cs_1988Participant 21 Apr 2017 at 4:50 pm Up3Down:: 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! Author Posts Viewing 5 reply threads You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Register Log In
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