How to Easily Calculate Cross Currency Exchange Rates | Quickly Calculate #Currency #Exchange #Rates: The Easy Trick you've Been Missing.
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tiktok.com/@currencyxchange Calculating currency cross pair rates. PLEASE LIKE AND SHARE THIS #youtubevideo SO WE CAN DO MORE! What are cross pairs in forex? Calculating currency cross pair rates. A quick video on how to calculate the currency cross pair rate...
Calculating #foreignexchange cross-rates:
What is a cross? Many years ago if you wanted to convert #AED into #INR, you first needed to convert it into #Dollars and then convert those dollars into INR. However times have been changed and nowadays we can skip that #USD.
Crosses examples (common them is that there is no USD component):
AED/INR
AED/PKR
AED/BDT
AED/NPR
AED/PHP
We have AED and we want to convert them into INR
AED/INR = 20.50
Board Rate 0.04444. Calculate such as 1 / 0.04444 = 20.50
AED/PKR = 61.16
Board Rate 0.06135. Calculate such as 1 / 0.06135= 61.16
So you can see how all this is interrelated and you can see how banks use these figure and calculate to maximize their profits.
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