Just could not get through foreign exchange concept in Econ. Instructor said the forward premium and discount is rewritten in a new way this year. Sould I move forward without getting deep understanding this concept?
If you have Schweser, use that to get an understanding of the math (it's really not difficult), then move back to CFAI for a deeper understanding of the economics.
In essence, currency rates tend to move with trade (the balance of payments), interest rates, and expected inflation. I suspect that readings 18 and 19 will be tested, especially the five international parity relations.
发表于 2011-7-11 19:15
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