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- 2011-5-25
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- 2012-9-12
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Pgiger, i like your method. Its lot easier than CFAI text. But i have confusion over your notations.
"Solve for SFr:¥
"We want Sfr in the numerator and ¥ in the denominator"
I read as per CFAI, the quoting convention is SFr:Yen means price of one SFr in Yen( number of Yen per Sfr). = Yen per Sfr,
= Yen/Sfr i.e Yen is in numerator and SFr in denominator. Correct me if i am wrong.
Cheers |
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