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Dear Sir,
May i ask how to calculate the exchange rate for ARD to JPY (Year 0)
I not understand on the answer provided
Thank you.1 EUR buys 92.7 ARD, and 132.4 JPY will buy 1 EUR
Therefore 132.4 JPY will buy 92.7 ARD
Therefore 1 JPY will buy 92.7/132.4 = 0.70 ARD
It is the same logic for the other rate ?
Dear Sir, sorry for said that i still not so understand.
Can u correct me if i understanding wrong.The quote is direct( buy low sell high)
JPY 132.4 should be a sell rate.
is it means that I sell JPY 132.4 to buy 92.7 ARD?Thank you.
That is correct, and that is the same as what I wrote in the second line of my reply 🙂
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