Economics

Not a question, just a remark… strange why the CFA has chosen to change the market convention in ccy pairs, for example INR/GBP 79.5093 actually means 79.5093 INR for 1 GBP, whereas in the normal world the market convention written as “INR/GBP” would mean how many GBP for 1 INR…

It’s been that way for years.

At least you don’t have to suffer through the silliness they had in 2007 and 2008, when they had two conventions:

INR/GBP = GBP:INR

tnx magician

My pleasure.