Converting a foreign-currency payment requires a quote with explicit units. Reversing that quote changes the conversion and the hedge. This lesson reads bid and ask prices, calculates a cross rate and explains how two funding rates enter an FX forward. Each calculation keeps the base and quote currencies visible.
In this lesson
- Learning objectives
- Quotations and trading
- Spot, forwards, and interest rates
- Follow the quotation units
Before you start
This lesson is part of a free topic. Create a free account, no card needed, to read it in full with worked examples and exercise solutions.
Read it free