for this reason currencies are traded in pairs. For example, the pound versus the dollar, GBP/USD this looks at the value of the pound in dollar or the euro vs the swiss France this looks at the value of the
Which retail trading firm or brokerage charges the cheapest margin interest rates? Cross-Rates and Arbitrage. The British pound trades at $1.5872 in London, and $1.5769 in New York. How much profit could you earn, on each trade, with $10,000?
Since these two countries use completely different currencies, it may be helpful to check the currency exchange rate with the U.S. dollar before making your decision.For example, the euro has been almost on par with the dollar recently, while the pound is often stronger than the dollar. Whi...
(a) The future value of a present dollar is less than one dollar (b) The present value of a future dollar is less than one dollar (c) The timing of cash flows is not relevant to decision m The current exchange rate is...