Sfm nov 2013

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 May 2014 there is question no 6(b) of Forex in SFM nov 2013. Quote is not given in question. In which form we should take quote e.g Pound/$ or $/ pound . Plz clarify

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 May 2014 it is given friend.... spt. 1.5350 is usd/pound. it is based on general info that usd is cheaper than Pound..

Querist : Anonymous

Querist : Anonymous (Querist)

04 May 2014 given that market in london for US dollar. For US Dollar meansS $ should be in denominator.Therefore quote could be pound/$

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2014 Generally , anyone doesnot know the rates then how one can identify the quote

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 May 2014 well generally people do know rates..you are a CA final student for god sake..

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