I subscribed to an Australian currency daily update service, and every currency is against AUD. In this service, they show "AUD per unit" and "Units per AUD". With this list, you can see how many AUD you need for one unit of that currency and how many units needed just for one AUD.
Now, if I want to calculate other currencies using this list… for example, I want to know how many units of Malaysia Ringgit will be needed for one Pound of UK? And how many units of US Dollar will be needed for one Singapore Dollar and otherwise? How do I calculate all these using the Australian currency update service?
How do I calculate these things using the list with the categories being "AUD per unit" and "Units per AUD" information?
E.g. of the service update…
Currency Unit: US Dollar
AUD per unit: 1.117
Units per AUD: 0.895
Most Commented Posts
- August 8, 2008 -- Should "In God We Trust" Remain On American Currency? (41)
- February 26, 2009 -- Xtian: What right (specifically) would be violated by removing "In God We Trust" from US currency? (41)
- January 27, 2010 -- Do conservatives invest in gold because they have no faith in American currency? (37)
- November 24, 2008 -- Is “In God We Trust” on US currency a true statement? (35)
- January 3, 2009 -- Should the motto “In God We Trust” be removed from U.S. currency? ? (34)
- March 17, 2009 -- R&S what do you feel about "One nation under God" on US currency? (34)
- April 21, 2009 -- What would be the impact on American society if "In God We Trust" were removed from the currency? (34)
- May 7, 2008 -- Who else thinks that "in god we trust" should be removed from US currency? (33)
- January 9, 2009 -- Are coins and currency the same thing? (30)
- March 8, 2010 -- If your good looks were currency, what could you buy? (30)
This entry was posted
on Thursday, January 28th, 2010 at 5:22 am and is filed under Currency Trading.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
January 28th, 2010 at 5:22 am
the answer is very simple just use cross-rate; for example; if u want to find cross rate singapore dollar(SGD) per US dollar: suppose the current rate of AUD-SGD is S$1.25; while AUD-USD is A$1.10; so we can use the formula: S$1.25 x A$1.10= S$1.375
suppose u want to find number of units for US dollar per SGD unit; so the formula will be: 1/1.25 x 1/1.1= USD 0.727
it’s good to play with figures by using cross-rates; i have been dealing in forex for a decade so it’s easy for me to calculate; just practice