Arent the currency quotations backwards? This keeps confusing me usually its listed as EURUSD 1.16 which means one euro exchanges for 1.16 USD. Here its listed the opposite way AUD/EUR 1.66 where 1 Euro buys you 1.66 AUD.
I had the same issue. IMO, if you talk about the spot rate at 5:04, you should write it as EUR/AUD 1.5520. Please correct me if I'm wrong. Preparing for some interview, that's why!
great explanation and visuals to support it. way better than the 20000$ i paid my university for the class
In 0:45, if an Australian company is going to receive Euros in the future, shouldn't it Short/Sell the forward contract?
Arent the currency quotations backwards? This keeps confusing me usually its listed as EURUSD 1.16 which means one euro exchanges for 1.16 USD. Here its listed the opposite way AUD/EUR 1.66 where 1 Euro buys you 1.66 AUD.
he has jumbled the fx foward formula in words but used the numerics correctly. FX Forward = Spot*(1+Base Currency)/(1+Quote Currency)
I had the same issue. IMO, if you talk about the spot rate at 5:04, you should write it as EUR/AUD 1.5520. Please correct me if I'm wrong. Preparing for some interview, that's why!
Thanks for this video so good
Fantastic
Thanks a lot!