As of now, USD/RMB = 6.8 is Indirect Quote if USD is
domestic currency; RMB/USD = 1/6.8 is Indirect Quote if RMB is domestic
currency.
By convention, AUD, EUR,GBP and NZD have direct quotes
against USD – that is domestic currency (USD) amount per unit of foreign
currency. All others are in Indirect quotes.
Don't worry about the USD/RMB or RMB/USD. Just make sure you know which one is
domestic ccy. CFA exams normally
apply Direct Quote and tell you which one is domestic ccy. | 
发表于 2010-4-27 14:50
| 