11/28/12

Hi,

Can you help me figure out how to convert an exchange rate when the price rate is in the denominator? For example, gbp/usd 1.5

How can I convert this so the base price (gbp) is in the denominator?

Can you simply say 1.5 usd/gbp, or is there a calculation involved?

Thanks for answering my inane question! :)

Comments (7)

11/28/12

cbaffa:
Can you simply say 1.5 usd/gbp, or is there a calculation involved?

That's not how fractions work.

Accepted.com
11/28/12

1.5 GBP/USD -> 1 GBP = 1.5 USD

1/1.5 = 0.6667

0.6667 USD/GBP -> 1 USD = 0.6667 GBP

11/28/12

Thanks for the help, inthe213!

11/28/12

..... how late are they teaching algebra in middle school these days?

11/29/12

What on Earth.

11/29/12

more impressed by how the guy who answered the question even understood what was being asked.

2/22/13
Add a Comment
WallStreet Prep Master Financial Modeling