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Asking about the calculation of foreign exchange quotation
USD/CAD:1.18090/1.1840

USD/EUR: 0.849 18/0.84940

Euro to Canadian Dollar Euro/Canadian Dollar = (1.18090/0.84940)/(1.1840/0.84918) =1.38.

Exchange rate division, cross division, is small divided by big, big divided by small.

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