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bigredhockey55

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tT
发表于 2011-7-11 19:56 | 只看该作者

Foreign exchange relations - denominator

Foreign, always, currency, exchange, foreign
In the foreign exchange relations with a fraction, do we always have the quoted currency (the "one") in the denominator?
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spreads

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发表于 2011-7-11 19:56 | 只看该作者
What do you mean?

Like: AED 3.675/$

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ap0258

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3#
发表于 2011-7-11 19:56 | 只看该作者
For example, with PPP:

S1 / S0 = 1+I DC / 1+I FC

The currency (FC) in the denominator is the quoted currency (FCC).

I am looking for a general rule to define the currency in the denominator and believe it is true that it is always the quoted currency. Can anyone confirm this?

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FinancialAnaly

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4#
发表于 2011-7-11 19:56 | 只看该作者
Yes that is correct.

For eg:

So if you have $3.345/Euro which is equal to 1Euro3.345

be sure that the $ will be in the numerator and euro will be in the denominator

which will given the equation as:

S1/S0 = 1+I $ / 1+I Euro

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onelife1

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5#
发表于 2011-7-11 19:56 | 只看该作者
Because you are pricing the currency in the denominator.

NO EXCUSES

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