Dear Sirs,
I, Abhishek Sharma, a regular reader of MINT newspaper, specially "MARKET & FINANCE". First of all, I appreciate that MINT using market convention for quoting the Key CURRENCIES RATE.
I would like to inform MINT that, they are regularly committing a same mistake while quoting the Currency Conversion Rate.
For instance, refer your newspaper_ Market & Finance_ Market Monitor_ Key Currencies_3rd quote.
i. e. USD/EUR
1st mistake- Its a wrong quote, correct one is EUR/USD (As per Market Convention)
But if you are using USD/EUR, it means they are talking in respect o[censored]SD, further means, USD is base currency, than the value quoted by them is calculated wrongly.
IT IS “1 DECIMAL AND SOMETHING (1.2222)”., BUT 1 USD IS LESS THAN A EUR...(0.2222)
Remaining quotes are correct. I also informed you that I have got mislead by this information and have born a heavy loss.
Please look into this Matter.
Reply is Appreciable.
Thanks
Abhishek Sharma Was this information helpful? |
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