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Yes, you have to define how the currency is being quoted. You need to be careful if you are talking about prices or exchange rates as well. I just remember my base case of direct quotes of exchanges, adjust (invert) if needed:

F _(dom/for) = So_(dom/for) * [(1 + i_dom)/(1 + i_for)]

With this formula my exchange rate is domes/for, and my adjusting multiplier is (1+i_dom)/(1+i_for)

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