concept based on forex
This query is : Resolved
19 December 2010
hii sir,i want to know about the concept of forex(cross rate)like conversion of $ into yen & rs into $
19 December 2010
The Concept Works Very Simply , Note This
If u have Rs/$
and u have $/Euro
Then
Bid(Rs/Euro) = Bid (Rs/$) X Bid ($/Euro)
Ask(Rs/Euro) = Ask (Rs/$) X Ask ($/Euro)
If u have Rs/$
and u have $/Euro
Then
Bid(Rs/Euro) = Bid (Rs/$) X Bid ($/Euro)
Ask(Rs/Euro) = Ask (Rs/$) X Ask ($/Euro)
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