fx rates can be quoted in 2 different ways. USD per GBP or GBP per USD.
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I'm a scrap dealer, I always want to know more about cables.Originally posted by BrilloPad View Post
Have you seen the scrap market prices for bright copper wire latelyConfusion is a natural state of beingComment
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Confusion is a natural state of beingComment
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GBP is usually the base! they wanted USD to be base as they were stronger financially - but LSD made it impossible!Originally posted by BrilloPad View Postthe convention is term per base. so £1=$1.50 means GBP is the base and USD the term.Comment
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LSD refers to pre decimal system Lira Solari DEnariOriginally posted by BrilloPad View PostGBP is usually the base! they wanted USD to be base as they were stronger financially - but LSD made it impossible!Comment
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Nah! I think you'll find that bright copper wire No1 is fetching £3,700 a tonOriginally posted by BrilloPad View Postthe convention is term per base. so £1=$1.50 means GBP is the base and USD the term.Confusion is a natural state of beingComment
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Nah! it's lysergic acid diethylamideOriginally posted by BrilloPad View PostLSD refers to pre decimal system Lira Solari DEnariConfusion is a natural state of beingComment
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