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If we assume a direct quote, which is probably a good assumption if nothing is mentioned, the its quoted as FCC, or DC/FC. So if we are given $1.25 per EURO, I woulod assume the DOmestic currency is the $, and the foreign currency is the Euro.

Either way (i think), as long as you keep the ratios constant (i.e multiply foreign by foreign rates and domestic by domestic rates), you should come up with an accurate forward value. You could always take the inverse of the forward to get the quote from the other perspective.

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