“The Euro is selling for $0.70”
So I’m assuming it means 1 EUR = 0.7 USD, therefore it can also be described as “0.7 EUR/USD”, right?
Thank you!
“The Euro is selling for $0.70”
So I’m assuming it means 1 EUR = 0.7 USD, therefore it can also be described as “0.7 EUR/USD”, right?
Thank you!
In the real world, you would see EUR/USD 0.70.
Unfortunately CFA Institute’s notation disagrees with that of the real world. CFA Institute would quote this as USD/EUR 0.70.
Thank you for the clarification! Appreciate it as always.
My pleasure.