Hello all, (first thread)
I've noticed some agencies quote inverted currency pairs. For example EUR/USD becomes USD/EUR.
I'm wondering how they achieve this rate? How they calculate it?
If we know that AUD/USD = .79865. How do we calculate what USD/AUD is? It says 1.25145 on XE, yet I'm unsure how they arrive at this number.
Any help appreciated.
Regards,
A
I've noticed some agencies quote inverted currency pairs. For example EUR/USD becomes USD/EUR.
I'm wondering how they achieve this rate? How they calculate it?
If we know that AUD/USD = .79865. How do we calculate what USD/AUD is? It says 1.25145 on XE, yet I'm unsure how they arrive at this number.
Any help appreciated.
Regards,
A
Humans are naturally hardwired to avoid and detest uncertainty.