Can anyone please help…
I have bid and offer rates for EUR/CZK and EUR/USD.
How do I calculate USD/CZK bid and offer?
I’m going cross-eyed!
Thanks in appreciation.
The reciprocal of EUR/CZK ( 1/EUR/CZK ) multiplied by EUR/USD.
Using EUR/GBP & EUR/USD as an example:-
1/0.93861 (1.0654) x 1.3577 = 1.4465 (GBP/USD rate)
Thanks Daydreamer, however I’m still having problems with the calculation.
Here are my numbers: -
Bid Offer Bid Offer
EURCZK EURUSD
26.755 26.817 1.3642 1.3644
and I need to calculate USDCZK Bid and Offer, which should come out as:-
Bid Offer
USDCZK
19.612 19.655
I’m a complete dunce! I got it now 