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Sir,
Is it possible for a question on currency hedging to have the forward rate quoted as a direct quote and options and futures quoted as indirect quotes?
If so, could you please tell how to tackle this?
Thank you.
Regards
VarsYes certainly.
All it is, is which currency is being quoted against which other.
So…..if you were given a quote $/Eur 1.900 then it means 1.9000 $’s is equal to 1 euro.
If you needed it the other way round, then 1 / 1.9000 = 0.5263 euros = 1 $.
So the Eur/$ rate would be 0.5263.
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