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Kapie

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tT
发表于 2011-7-13 15:11 | 只看该作者

Domestic/Foreign currency

currency
Can I just get some confirmation on the formats, especially for use in the interest rate parity formulas.

FC/DC?

DC:FC?


Are those what we will see on the exam?
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Otabek

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2#
发表于 2011-7-13 15:11 | 只看该作者
Yea

DC:FC = FC/DC

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President1988

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3#
发表于 2011-7-13 15:11 | 只看该作者
DC:FC = indirect, the units for any numbers given are FC/DC. "One unit of DC, buys X units of the FC".

I think I read in the CFAI material, DC:FC is what will be on the exam. But that was in the economics section. Who knows what we'll see for FSA, Equities, or Derivatives.

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ayodayo

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4#
发表于 2011-7-13 15:11 | 只看该作者
The quotation should not be a problem as long as you know DC:FC = FC/DC

The direct method is self explanatory. Only thing to remember is you must use the correct rate to price Currency forward/future contracts

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