How to calculate inverse currency exchange rate ?
I would like ask how to calculate the exchange rate of the second currency in a pair (inverse currency rate).
For example:
If I know the exchange rate of currency pair USD/EUR, how do I get the exchange rate of EUR/USD ?
For example:
If I know the exchange rate of currency pair USD/EUR, how do I get the exchange rate of EUR/USD ?
The calculation of inverse currency exchange rate is quite simply. It is needed to divide 1 by the current exchange rate.
If exchange rate of USD/EUR is 0,892343 then the exchange rate of EUR/USD is 1 / 0,892343 = 1,12065
If exchange rate of USD/EUR is 0,892343 then the exchange rate of EUR/USD is 1 / 0,892343 = 1,12065
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