why is the base currency the numerator? when i hear the word base, i think bottom.
In the notation that CFA Institute uses, it’s in the denominator (which makes sense mathematically).
Why the rest of the world has it the other way is beyond me.
why is the base currency the numerator? when i hear the word base, i think bottom.
In the notation that CFA Institute uses, it’s in the denominator (which makes sense mathematically).
Why the rest of the world has it the other way is beyond me.