How to read Forex quotes?
Learn how to read Forex quotes, brought to you by www.forextoolshop.com
Video Rating: 5 / 5
A brief demonstration on calculating the cross rate between currencies, when dealing with Bid – Ask Quotes
Video Rating: 5 / 5
Related Blogs
- Coin Collecting 101: What Type of Coin Should You Collect? » Coin …
- Application Store on Qualcomm's Brew Mobile Platform Creates …
- Las Vegas Las Vegas charter flights provided by Cheapfareguru …
- 7pc Counter Height Dining Table & Stools Set Taupe Microfiber …
- Khloe Kardashian's height is cropped in Beach Bunny swimsuit ad …
- Can Someone Buy Cristiano Ronaldo A Baby Name Book, Please …
- 7 Tips on Blogging for Value « Web Hosting Blog | Heart Internet …
- Tanning Lotion and Your Skin Type | financebis
- Shintaro Ishiwatari, Kil Woo Lee Impress at SRC Asia Volume 1 …
- SRC Melaka, Cyber to merge
- neXus » Archive » And the SRC President nominees are…
- INTEGRA Type R MEGA TEST & BATTLE – Best Motoring International
- MLS: The Value of Exposure « Footiebusiness
- MacKeeper Review (Mac OS X Utility Application)
- Fixed vs Variable Width Web Design « Web Circle Blog – Brisbane …
- How to increase the value of content without even changing the content
- SRC complete tire line
- Velda Bodyprint Massage 23cm Mattress – 80cm width | neuhome
- How To List All Posts Of An Archive, A Category Or A Search Result …
- Home value improvements
In other words you are saying (FC2 / FC1)bid = 1 / (FC1 / FC2)ask. Can you please send me a detailed proof of this. Cheers
Yes your right. Thank you.
One little thing more: You have divided $/Pound by $/Y. Please realize that this is the same as multiplying $/Pound with Y/$, which is what I did.
That is perfectly right as well. Good. Just a little suggestion: Preferable go up to 4 decimal points with exchange rates. That may not mean much but when we think in terms of millions of dollars (or any currency), it will make a substantial difference.
Cheers!!!
I did it a little different but got the same thing.
(Y/Pound)ask= ($/Pound)/($/Y)= 1.5675/.0104=150.72
(Y/Pound)bid= ($/Pound)/($/Y)=1.5670/.0108=145.09
(Y/Pound)=145.09-150.72