i know it seems to be a stupid question… $/euro 1.42 (spot) 1.43 (30 days) means 1 euro = 1.42 dollar or 1 dollar = 1.42 euro?
x.xx /Euro means that it costs x.xx to buy 1 Euro. To remember it set it up as a ratio. 1.42 $ ----- 1 Euro So the dollar is less valuable than the Euro.
that is exactly what i was thinking. but check out schweser exam 3 pm Q18.1. it is the opposite. I excluded A and C first because it should be $14.5 for euro 10. I don’t have the schweser errata. Can someone check if it is an error?