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Hi integraldx

Yes you can tell. The way I remember is that I interpret the ":" as "buys". For example USD:GBP 2.20 means that 1 USD buys 2.20 GBP.

Also, quotes can be either direct or indirect. I always remember my formulas using the "direct" notation. E.g.:

forward price = spot price (FCC) x (1+rDC)/(1+rFC)

So in the above quote the foreign currency is "USD" and the domestic currency is "GBP".

Hope that helps.

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