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Not sure what you mean by "most of the finance world", but in forex trading the EUR/USD rate is denominated exactly as in this file - 1.066 for today and not th
by dist-epoch 3y ago
Not sure what you mean by "most of the finance world", but in forex trading the EUR/USD rate is denominated exactly as in this file - 1.066 for today and not the inverse 0.094.
- tomp 3y agoright, I mean quant trading - i.e. where people actually use data :D you want things relatively standardised, which means using a common unit of account - for most funds AFAIK that's USD
- nly 3y agoThis is my experience as well. Everything is expressed as 'number to multiply by to get USD' so USDJPY would always be used in-house inverted. British firm as well. Nobody likes the GBP.