Exhange rates quotation interpretation
solution to EOC problem 10 reading 36 book 4. how does one interpret exchange rate. the solution interprets he exchange rate in one way for dividends and another way for purchase and sale transactions even though the euro dollar exchange rate is quote in the same way.
what number do i use to convert one currency to another.in short how do i interpret exchange rate notation. CFAI errata mentions different notations but i have not understood what they are trying to say. |