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Confused on using buying or selling rate for currency conversion

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

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July 25, 2016 at 10:20 pm #329105
twilight1987
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- Topics: 11
- Replies: 14
Hi, I am quite confused about which rate I should use while currency conversion. Sometimes buying rate is used and sometimes selling rate is used. Pls help me if there is any tip about choosing buying or selling rate for currency conversion.thanks
July 26, 2016 at 6:54 am #329130
John Moffat
Keymaster
- Topics: 57
- Replies: 54754
Best is to watch my free lectures on foreign exchange risk management.
I do spend time at the beginning of the first of the lectures explaining how and why to choose the relevant rate for converting.
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