kingstongal

Chuckrox8 Wrote:
-------------------------------------------------------
> sumz Wrote:
> --------------------------------------------------
> -----
> > how long does this question take you guys? I
> get
> > it right but takes me about 10min! I doubt i
> would
> > actually do it if it is on the exam
>
> I can do one of these questions in 2 minutes flat
> with my method:
>
> 1) Draw the Triangle
> 2) Place your starting currency at the lower left
> point (most likely USD)
> 3) Place the other two currencies at the other
> points
> 4) Go around the triangle converting your starting
> currency into the other two currencies and back
> into the home currency AT THE WORST RATE (if given
> the Bid/Ask just use the rate that gives you less
> of the converted currency)
> 5) If you get a negative value then go the other
> way around the triangle
>
> Booom goes the dynamite
>
> Hasn't failed me once.

+1