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AUD/USD vs. AUD:USD

how do you know which goes on the bottom?

when I see AUD:USD it reads "USD per AUD" which is the same as USD/AUD

I start the sentence with whatever currency is after the " : "

AUD:USDollars per AUD

hope it makes sense.

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just know that AUD:USD is the same as USD/AUD

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This confused me a little bit too when I started studying ... I think of the ccy's in terms of A and B. A is domestic, B is foreign.

Presentation for direct quotes of ccy A:

1) ccy A per unit of ccy B.

2) A/B

3) B:A



Edited 1 time(s). Last edit at Tuesday, June 1, 2010 at 11:14AM by CFACurse.

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Very helpful. Thank you.

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AUD:USD = USD/AUD

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