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 ?
0
give a positive ratinggive a negative rating
25 May 2019 at 05:33 PM
The calculation of inverse currency exchange rate is quite simple. 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
5
give a positive ratinggive a negative rating
26 May 2019 at 01:55 PM
Ben
How should I calculate the exchange rate when there are three currencies (two currency pairs) ?

For example, if I know the exchange rate of USD/GBP and EUR/GBP, how can I calculate the exchange rate of USD/EUR ?
0
give a positive ratinggive a negative rating
03 Jan 2023 at 06:47 PM
The best way how to calculate currency exchange rate between 3 currencies, is to put the currency pairs in correct order and then multiply the values. If currency pairs are not in the correct order, you have to calculate the inverse currency exchange rate.

When you have:

USD/GBP - 0.8351
EUR/GBP - 0.8736

To calculate USD/EUR, you need to have currency pairs in this order:

USD/GBP - 0.8351
GBP/EUR - 1.1446 (calculated inverse exchange rate 1 / 0.8736)

Then just multiply the exchange rates:

USD/EUR = 0.8351 * 1.1446 = 0.9558
4
give a positive ratinggive a negative rating
04 Jan 2023 at 11:09 AM
Share on FacebookShare on TwitterShare on LinkedInSend email
x
x
2024 AnswerTabsTermsContact us