AUD/USD vs. AUD:USD bottom

dirk01

how do you know which goes on the bottom?

OmarAdnan

AUD:USD = USD/AUD

Kapie

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.

kkn006

Very helpful. Thank you.

redskins44

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

Uranus08

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.