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- Topic: Level 2 doubt: Foreign Exchange Rate Supply/Demand
| Author | Topic: Level 2 doubt: Foreign Exchange Rate Supply/Demand |
|---|---|
| marco1982 @2010-05-25 07:57:53 |
In the analyst notes, it is stated that exchange rate should increase with increase in demand. Is this correct as demand curve is downward sloping so the exchange rate should decrease with an increase in demand. Can someone clarify? |
| rhardin @2010-05-25 14:42:56 |
Is the exchange rate a direct or indirect quote? |
CFA Discussion Topic: Level 2 doubt: Foreign Exchange Rate Supply/Demand
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
