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qs washi co SEP 18 cross rates

This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.

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August 19, 2020 at 2:56 am #581105
sidishah
Member
- Topics: 34
- Replies: 74
Sir for cross rate we can calculate it as JPY/ARD also right? The marking scheme has calculated it as ARD/JPY. one will be a direct quote and other being indirect. I actually calculated it as a direct quote (JPY/ARD) . will I get marks?
August 19, 2020 at 6:49 am #581133
John Moffat
Keymaster
- Topics: 57
- Replies: 54520
It doesn’t matter which way round you quote the rate. What matters is that you are doing the conversion correctly.
August 19, 2020 at 12:50 pm #581182
sidishah
Member
- Topics: 34
- Replies: 74
Thankyou Sir
August 19, 2020 at 2:59 pm #581196
John Moffat
Keymaster
- Topics: 57
- Replies: 54520
You are welcome 🙂
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