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). |
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