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- 2014-7-25
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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 (FC C) 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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