WORKSHEET TERMS

Quote currency and units

The second currency expresses the price of one unit of the first asset.

FXCIPI GLOBAL TRADINGUpdated 2026-10-23

Meaning in the worksheet

Writing GBP/AUD 2.00 as 2.00 AUD/GBP clarifies calculation direction. Comparing BTCUSDT and BTCUSD requires an explicit currency-conversion assumption. Cancel units in the expression to verify the result.

SOURCE NOTES

Check the original sources.

www.ecb.europa.eu

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Where does this lead?

01Reconcile GBP/AUD with two dollar quotes 02Why inverting a rate does not turn +10% into −10%03GBP/AUD observation sheet