… I know this question has been asked to death, but I was hoping to get some confirmation on my understanding of spot exchange rates. Basically, when dealing with spot exchange rates, can I assume that the Domestic currency is always the Numerator, and Foreign currency the denominator? For instance, $0.0567 per Mexican Peso. - US dollar on the numerator - Mexican Peso on the denominator. - Expressed as Foreign Currency per unit of Domestic currency Domestic Currency = US Dollar Foreign currency = Peso Much thanks!
this is correct
Thanks!