Many candidates find currency exchange rates to be confusing, and for good reason: the notation used is not intuitive at all (and, to boot, contradictory). We’ll discuss the notation, how to use exchange rates in calculations to convert from one currency to another, how to invert exchange rates, and how to derive cross exchange rates. […]
This article is for members only. You can become a member now by purchasing a
CFA® Level I Economics Membership, CFA® Level I Membership
This will give you access to this and all other articles at that membership level.