1 divide exchange rate offers the reciprocal of the exchange rate. Reciprocal was the word used in the old days and it was a matter of course. Today, reciprocal means opposite and most today associate reciprocal as opposite and its termed opposite by today’s trading crowd.
1+ is vital to factor an interest rate to obtain a true interest rate because interest rates are offered and seen by the public as a percentage.
1000 becomes vital to factor not only exchange rates but Forward exchange rates.
Most important formula in all FX trading is
Interest Rate differential X number of days X Outright or Interest rate base divide by Day Count ( 360 or 365) X Spot price X 100.
Forward exchange rates are factored also by Forward points as Spot price + divide by Forward points divide by 1000. Spot + answer to forward points divide 1000 = Forward exchange rate.
Easier ways exist to accurately trade to a long term target.
EUR/USD 1 divide current 1.1796 = USD/EUR 0.8477. Opposites hold true as 1 divide USD/EUR 0.8477 = EUR/USD 1.1796.
EUR/JPY 1 divide Current 124.97 = JPY/EUR 0.0080019. Must take JPY pairs to minimum 7 decimal places to the right.
EUR/JPY 1 divide 1.2497 = JPY/EUR 0.80019204
See the difference.
EUR/JPY exchange rate is found by EUR/USD X USD/JPY
1 Divide current EUR/CHF 1.0788 = CHF/EUR 0.9269.
EUR/CHF exchange rate is found by EUR/USD X USD/CHF
EUR/CAD 1 divide current 1.5775 = CAD/EUR 0.6339.
EUR/CAD exchange rate is found by EUR/USD X USD/CAD
EUR/NZD 1 divide current 1.7821 = NZD/EUR 0.5611.
EUR/NZD exchange rate is found by divide EUR/USD by NZD/USD
NZD/EUR exchange rate is found by NZD/USD divide EUR/USD
EUR/AUD 1 divide current 1.6501 = AUD/EUR 0.6060.
EUR/AUD exchange rate is found by EUR/USD Divide AUD/USD
AUD/EUR exchange rate is found by AUD/USD divide EUR/USD
EUR/GBP 1 divide current 0.9025 = GBP/EUR 1.1090.
EUR/GBP exchange rate is found by EUR/USD divide GBP/USD
GBP/USD 1 divide by current 1.3054 = USD/GBP 0.7660.
Opposite holds true as 1 divide USD/GBP 0.7660 = GBP/USD 1.3054.
GBP/JPY 1 divide current 138.34 = JPY/GBP 0.00722856
GBP/JPY exchange rate is found by GBP/USD X USD/JPY
GBP/CHF 1 divide by current 1.1945 = CHF/GBP 0.8371.
GBP/CHF exchange rate is found by GBP/USD X USD/CHF.
GBP/CAD 1 divide current 1.7471 = CAD/GBP 0.5723.
GBP/CAD exchange rate is found by GBP/USD X USD/CAD
GBP/NZD 1 divide current 1.9733 = NZD/GBP 0.5067
GBP/NZD exchange rate is found by GBP/USD Divide NZD/USD
NZD/GBP exchange rate is found by NZD/USD divide GBP/USD
GBP/AUD 1 divide current 1.8266 = AUD/GBP 0.5474
GBP/AUD exchange rate is found by GBP/USD divide AUD/USD
AUD/GBP exchange rate is found by AUD/USD divide GBP/USD
AUD/USD 1 divide current 0.7138 = USD/AUD 1.4009
USD/AUD 1 divide current 1.4009 = AUD/USD 0.7138
AUD/JPY 1 divide 75.73 = JPY/AUD 0.01320480
AUD/JPY exchange rate is found by USD/JPY X AUD/USD
AUD/CHF 1 divide current 0.6538 = CHF/AUD 1.5295
AUD/CHF exchange rate is found by AUD/USD v USD/CHF
AUD/CAD 1 divide current 0.9566 = CAD/AUD 1.0453
AUD/CAD exchange rate is found by AUD/USD X USD/CAD
AUD/NZD 1 divide current 1.0799 = NZD/AUD 0.9260
AUD/NZD exchange rate is found by AUD/USD divide NZD/USD
NZD/AUD exchange rate is found by AUD/USD divide NZD/USD
NZD/USD 1 divide current 0.6605 = USD/NZD 1.5140
NZD/JPY 1 divide current 70.08 = JPY/NZD 0.01426940
Or 1 divide 0.7008 = JPY/NZD 1.4269
NZD/JPY exchange rate is found by NZD/USD X USD/JPY
NZD/CHF 1 divide current 0.6051 = CHF/NZD 1.6526.
NZD/CHF exchange rate is found by NZD/USD X USD/CHF
NZD/CAD 1 divide current 0.8855 = CAD/NZD 1.1293
NZD/CAD exchange rate is dound by NZD/USD X USD/CAD
USD/CAD 1 divide current 1.3405 = CAD/USD 0.7459
USD/CAD exchange rate is found by 1 divide CAD/USD
CAD/CHF 1 divide current 0.6829 = CHF/CAD 1.4643
CAD/CHF exchange rate is found by USD/CHF divide USD/CAD
CHF/CAD exchange rate is found by USD/CAD divide USD/CHF
CAD/JPY 1 divide current 79.11 = JPY/CAD 0.01264062
1 divide 0.7911 = 1.264062697
CAD/JPY exchange rate is found by USD/JPY divide USD/CAD
JPY/CAD exchange rate is found by USD/CAD divide USD/JPY
USD/CHF 1 divide current 0.9151 = CHF/USD 1.0927
CHF/USD 1 divide 1.0927 = USD/CHF 0.9151
CHF/JPY 1 divide current 115.96 = JPY/CHF 0.0086236
CHF/JPY exchange rate is found by USD/JPY divide USD/CHF
JPY/CHF exchange rate is found by USD/CHF divide USD/JPY
USD/JPY 1 divide current 106.11 = JPY/USD 0.00942418
JPY/USD 1 divide current 0.00942418 = USD/JPY 106.11