How do we interpret USD/EUR = 1.25? Is it $1 = EUR 1.25 or EUR 1 = $ 1.25?
General market convention is like USD/INR = 65 means $1 = INR 65.
Lot of FX questions are expected on Part 1 exam.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.