Talk:Currency pair: Difference between revisions
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It is unfortunate that the market convention would be EUR/USD to express a number of dollars for one euro, because mathematically (and verbally) that is dead wrong. A slash / means division (as in a fraction). In other words, EUR/USD means the number of euros divided by the number of dollars, and the quotient is a certain number of euros per 1 dollar - NOT the other way around. If one euro is equal to 1.3 dollars, then the rate of 1.3 describes the number of dollars per one euro, in other words: USD/EUR = 1.3. To avoid this, if the market convention holds that the currency pairs must be written in this order, then by all means PLEASE delete the misleading and incorrect slash in the middle. |
It is unfortunate that the market convention would be EUR/USD to express a number of dollars for one euro, because mathematically (and verbally) that is dead wrong. A slash / means division (as in a fraction). In other words, EUR/USD means the number of euros divided by the number of dollars, and the quotient is a certain number of euros per 1 dollar - NOT the other way around. If one euro is equal to 1.3 dollars, then the rate of 1.3 describes the number of dollars per one euro, in other words: USD/EUR = 1.3. To avoid this, if the market convention holds that the currency pairs must be written in this order, then by all means PLEASE delete the misleading and incorrect slash in the middle. |
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[[Special:Contributions/83.24.108.5|83.24.108.5]] ([[User talk:83.24.108.5|talk]]) 15:17, 29 August 2011 (UTC) |
[[Special:Contributions/83.24.108.5|83.24.108.5]] ([[User talk:83.24.108.5|talk]]) 15:17, 29 August 2011 (UTC) |
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:Think of it as the label of a graph. "Distance /metres" means distance is measured in metres. "Time/seconds" means that time is measured in seconds. "EUR/USD" means that the size of 1 EUR is measured in USD. [[User:Count Truthstein|Count Truthstein]] ([[User talk:Count Truthstein|talk]]) 14:57, 3 January 2012 (UTC) |
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==Pips== |
==Pips== |
Revision as of 14:57, 3 January 2012
Finance & Investment Start‑class Low‑importance | ||||||||||
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To-do list for Currency pair:
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Format of quoting currencies
Please note, that it writes EURUSD. This is how currecny pairs are usually written. I noticed that somebody wanted to change it to EUR/USD.
- Currency pairs may be written in a variety of formats, for example EUR/USD, EURUSD, EUR.USD, EUR-USD, EUR USD. The most common format in the FX markets is EUR/USD and I propose that this article be amended to use this format. Nfh 20:21, 18 November 2005 (UTC)
Please be careful with that. EURUSD is rather equal to USD/EUR (not EUR/USD). If neccessary let's discuss it here first. --PBS27 09:45, 8 November 2005 (UTC)
- EURUSD is the same as EUR/USD. There is no difference. In the FX market, if you write EUR/USD, it means 1 euro is equal to a variable number of dollars. That is market convention. Nfh 20:21, 18 November 2005 (UTC)
- In the absence of any objections, I am inserted a stroke/slash into each currency pair. Nfh 19:51, 10 December 2005 (UTC)
- Those who are mathematically inclined may see EUR/USD quoted as 1.3067 and think that the dimensions of the number 1.3067 is EUR/USD, when it is actually the reverse. Maybe a note in the article can clarify this. Finnancier 15:18, 30 September 2007 (UTC)
- A less confusing way to think about it is EUR/USD = 1.3067, or 1 EUR/USD = 1.3067, and therefore 1 EUR = 1.3067 USD. Finnancier (talk) 15:25, 1 February 2008 (UTC)
It is unfortunate that the market convention would be EUR/USD to express a number of dollars for one euro, because mathematically (and verbally) that is dead wrong. A slash / means division (as in a fraction). In other words, EUR/USD means the number of euros divided by the number of dollars, and the quotient is a certain number of euros per 1 dollar - NOT the other way around. If one euro is equal to 1.3 dollars, then the rate of 1.3 describes the number of dollars per one euro, in other words: USD/EUR = 1.3. To avoid this, if the market convention holds that the currency pairs must be written in this order, then by all means PLEASE delete the misleading and incorrect slash in the middle. 83.24.108.5 (talk) 15:17, 29 August 2011 (UTC)
- Think of it as the label of a graph. "Distance /metres" means distance is measured in metres. "Time/seconds" means that time is measured in seconds. "EUR/USD" means that the size of 1 EUR is measured in USD. Count Truthstein (talk) 14:57, 3 January 2012 (UTC)
Pips
There is already an article called Percentage in point. The discussion of pips should be moved there, or at least better integrated. Finnancier 15:18, 30 September 2007 (UTC)
- Removed section on pips which had only one quite useless line. Hyperlinked pips in Spread section to the relevant article. Cheers Unstudmaddu (talk) 13:09, 7 July 2008 (UTC)
Comments please, possible merge with Currency correlation
A debate is in progress about what to do with article Currency correlation and one of the proposals is to merge it into either Currency pair, Technical analysis or Exchange rate. We'd appreciate any suggestions of where the best place for it is. To keep the conversation in one place, please respond in Talk:Currency_correlation#Fallout_of_Wikipedia:Articles_for_deletion.2FCurrency_correlation. Thanks -- John (Daytona2 · talk) 19:54, 12 December 2007 (UTC)
Major currencies
Any reference to the saying that INR/USD belongs to currency majors? —Preceding unsigned comment added by Martinlamkc (talk • contribs) 07:00, 21 May 2010 (UTC)
- Thanks for the comments, I've requested a deletion review - Wikipedia:Deletion_review#Currency_correlation -- John (Daytona2 · talk) 18:15, 18 December 2007 (UTC)
The article ranks Auzzi and NZ dollar above GBP. As far as I am aware, GBP is usually ranked above Aussi and NZ dollar. See, e.g. http://www.londonfx.co.uk/quoting.html, as referenced in the article, and http://www.forexconspiracyreport.com/best-currency-converter/, and http://www.currency-rate-exchange.com/currency-rate-quotations-helping-to-analyze.html, and http://www.merkfunds.com/currency-asset-class/currencies-unplugged/how-are-currencies-quoted.html, and every other site I can find. — Preceding unsigned comment added by DavidIMcIntosh (talk • contribs) 14:17, 5 August 2011 (UTC)