Reading 34 Q 16

CFA Level II
#1

I thought “TWS$ to Euro exchange as 32.8675-328800” meant Taiwanese dollar was being used as the base currency? i.e TW$:Euro 32.8675-328800 plz help clarify why its the other way round?

#2

Base as in bottom? Bid would read 32.8675 Euros / 1 TW$

#3

…which would make no sense of course. It must be 32,87TWD per EURO (currently it’s trading at 40,10)

#4

kingstongal Wrote: ------------------------------------------------------- > …which would make no sense of course. It must > be 32,87TWD per EURO (currently it’s trading at > 40,10) no offense kingstongal but you’re arguing in retrospect, if u get two currencies that are close on the exam or that u r unfamiliar with it would be a bit hard to apply your logic… bpdulog, s it because we assume the bank is French i.e the country in which the investor is from??

#5

From, TW$:Euro 32.8675-328800 it says that: Euro 32.8675 for 1 TW$

#6

TWD/EUR reads Taiwan Dollar per Euro EUR:TWD reads Taiwan Dollar per Euro Per is synonymous with to.

#7

thanks soddy, makes much more sense

#8

Convert “:” to “In” So EUR:TWD is read as Euros IN Twd , i.e. Euro is the asset ( like corn , oil or T-Bonds) and Twd is the Currency

#9

janakisri Wrote: ------------------------------------------------------- > Convert “:” to “In” > > So EUR:TWD is read as Euros IN Twd > > , i.e. Euro is the asset ( like corn , oil or > T-Bonds) and Twd is the Currency That’s not correct EUR:TWD 32.4555 Means 32.4555 Taiwan Dollar in One Euro

#10

He is saying the same thing EURO in Taiwan Dollar=32.4555…