When I calculate my reading schedule for the level II exam, I find that there are about 22 pages per day I need to read. Last year, the number of p/day wasn't much higher (26).
For this exam, the length of time I am spending on the reading seems much less than last year. For level one, I would study for 3-4 hours each session. This time, I am studying for about an hour. It is great!
A lot of the material (so far) builds on the info I learned for the last exam - so it is not completely foreign. Maybe that is why I am digesting this stuff easier.
Anyway, I am right on schedule - I just finished Foreign Exchange Parity Relations